Consider four projects with normal cash flows: Project A$,$ Project B$,$ Project C and Project D$.$ Projects have an initial investment of $$9\mathrm{.}7$ million and the cost of capital is $21\%.$

$\backslash$table$[[,$Project A$,$Project B$,$Project C$,$Project D$],[$NPV $($$ million$),16\mathrm{.}26,-4\mathrm{.}00,33\mathrm{.}80,17\mathrm{.}20]]$

Which of the following is NOT correct?

a$.$ If projects are independent, then projects $A,C$ and $D$ will be accepted.

b$.$ The best project is Project $C.$

c$.$ Project $B$ will be rejected.

d$.$ If projects are mutually eclusive, then no decision can be made with the NPV method.

e$.$ If projects are mutually exclusive, then only Project $C$ will be accepted.