Carol, Incorporated is considering three independent investment opportunities. The present value of future cash flows, initial investment, and net present value for each of the projects are as follows: Project A Project B Project C Present value of future cash flows $ 731,800 $ 687,800 $ 765,400 Initial investment 350,000 305,000 340,000 Net present value $ 381,800 $ 382,800 $ 425,400