Mary is in contract negotiations with a publishing house for her new novel. She has two options. She may be paid $100,000 up front, and receive royalties that are expected to total $26,000 at the end of each of the next five years. Alternatively, she can receive $200,000 up front and no royalties. Which of the following investment rules would indicate that she should take the former deal, given a discount rate of 8%?

Rule I: The Net Present Value rule

Rule II: The Payback Rule with a payback period of two years

Rule III: The internal rate of return (IRR) Rule

A.	Rule I only
B.	Rule III only
C.	Rule I and II
D.	None