Evaluate the following projects, given a $300 million budget. Project A costs $300 million and A's represent value of net cash flows after tax is $235 million, Project B has an initial outlay of $170 million with a present value of net cash flows of $200 million and Project C's cost is $130 million with a present value of net cash flows of $195 million.

a. accept projects b and c

b. accept projects a and b

c. accept projects a and c

d. reject all three projects

e. none of the above