Given the information below, John the CEO needs to make the capital budgeting decision. Which project(s) is (are) most likely to be accepted, if the company's investment budget is $7 million and the required rate of return is 8%? Project A with initial investment of $3 million, NPV of $432,000, payback of 5 years, and IRR of 10%. Project B with initial investment of $2.5 million, NPV of $200,000, payback of 3 years, and IRR of 7%. Project C with initial investment of $3.5 million, NPV of $630,000, payback of 3 years, and IRR of 11%. If the projects are mutually exclusive, accept A and C. If the projects are not mutually exclusive, accept all. If the projects are not mutually exclusive, accept A and C. If the projects are mutually exclusive, accept A