Cash Flows Project Capital Investment from Investment 1 $7 million million per year in perpetuity $1.2 $1.3 11 $12 million million per year in perpetuity III $ 5 million million per year in perpetuity $0.7 A company has three projects it wishes to undertake. Which of these investments should be the highest priority, given a discount rate of 5%? Select one: O a. Project III O b. Project 1 O c. Project II O d. None of these