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Juan is considering two independent projects. Project A costs $50,000 and cash flows of $18,700, $46,300, and $12,200 for Years 1 to 3, respectively. Project

Juan is considering two independent projects. Project A costs $50,000 and cash flows of $18,700, $46,300, and $12,200 for Years 1 to 3, respectively. Project B costs $70,000 and has cash flows of $10,600, $15,800, and $67,900 for Years 1 to 3, respectively. Project C costs $25,000 and has cash flows of $15,300, $3,000, and $20,000 for Years 1 to 3, respectively. Juan assigns a discount rate of 10 percent to these projects. The total budget is $120,000. Which combinations of rojects is the best?
A. A+B
B. A+C
C. B+C
D. A+B+C

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