The cash flows for projects A, B, and C are given below. The cost of capital for each project is 8%. If A and B are mutually exclusive and C is independent, which project, or combination of projects should be accepted?

Year	Project A B C

0	$-1,200	$ -1,200	$ -1,000
1	1,000	100	500
2	500	600	400
3	100	1,100	300