MacGiver Inc., owns a plot of land in a large metro area. The company could use the land in one of two ways. Either a gas station or a parking garage can be built and operated, but not both. The following are the cash flows from either choice (in $000)

Year	Initial	1	2	3	4	5
Gas	-1,200	475	475	475	475	475
Parking	-3,500	1,200	1,200	1,200	1,200	1,200

The cost of capital for both projects is 12%.

As the two projects are mutually exclusive, MacGiver should:

Group of answer choices

Invest in the but not the Parking Garage

Invest in both projects

Invest in the Parking Garage but not the Gas Station

Reject both projects

None of the above!