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 A B C 0 $-1,200 -$1,200 -$1,000 1 1,000 100 500 2 500 600 400 3 100 1,100 300 A.) Project A B.) Project B C.) Project C D.) Project A and C E.) Project B and C