As a tenant, Holy Cow has three lease contracts to choose from. All have:

Lease Period = 10-years

NPV = $5 million.

Which is the BEST contract for Holy Cow?

Group of answer choices

A Holy Cow can terminate the lease anytime after 3-years without penalty

B landlord have the option to cancel the lease in 3-years

C Hoy Cow can delay the project for a year and may terminate the project after operating for 3-years

D All three contracts are equally desirable because of equal NPV and contract life