Managers at Even Flow Instruments Inc. are considering three projects that will each cost $4,000. Project A will return $2,000 each year for 3 years, Project B will return $1,000 each year for 5 years, and Project C will return $5,000 in 1 year. If available capital is $8,000 and the cost of capital is 10%, which projects should be selected using the NPV maximization method?

	a.	(A) and (C) only.
	b.	(A) only.
	c.	(C) only.
	d.	All three projects.
	e.	(A) and (B) only