Recognizing risk Spin Corp., a media services firm with net earnings of $3,210,000 in the last year, is considering the following projects. Project Initial investment $36,000 496,000 Details Replace existing office furnishings. Purchase digital video editing equipment for use with several existing accounts. Develop proposal to bid for a $2,050,000 per year 10-year contract with the U.S. Navy, not now an account. Purchase the exclusive rights to market a quality educational television program in syndication to local markets in the European Union, a part of the firm's existing business activities. 454,000 681,000 The media services business is cyclical and highly competitive. The board of directors has asked you, as chief financial officer, to evaluate the risk of each proposed project and rank it "low," "medium," or "high." The risk for project Ais V. (Select from the drop-down menu.) The risk for project Bis V. (Select from the drop-down menu.) The risk for project C is V. (Select from the drop-down menu.) The risk for project Dis V. (Select from the drop-down menu.)