The AMF Company is considering three independent investment opportunities. The cost of capital for projects A, B, and C is 20%. The following measures have been established for the projects:

Project A: Payback Period 6 years, NPV @ 20% $500, IRR 22% Project B: Payback Period 4 years, NPV @ 20% $400, IRR 25% Project C: Payback Period 3 years, NPV @ 20% -$115, IRR 18%

In order to help maximize its market value, which project(s) should the AMF Company select?

A.) A and B because both projects have positive NPVs.

B.) B because its NPV at 20% is the highest.

C.) A because its IRR is the highest.

D.) C because its payback period is the lowest.