Smythe Company is considering the following 5 capital budgeting projects. The cost of capital for all projects is 14%.

Project	Initial Cost	NPV	IRR	PI
A	$1,000,000	($650,000)	10%	0.96
B	$400,000	$113,000	18%	1.33
C	$10,000	$2,500	21%	1.52
D	$2,500,000	$20	15%	1.01
E	$8,350,000	$515,000	17%	1.44

If the projects areMUTUALLY EXCLUSIVE, which project(s) should Smythe accept? (Note: it is possible that more than one project should be accepted. You must check all that apply to receive credit - this is an all or nothing question. That is, if they should accept projects A and B and you check only A or only B or if you also check C, your answer will be marked wrong).

If the projects are independent, which one should I choose?