Three investment projects being considered are mutually exclusive, i.e., you can only choose one of them. They have the following projected cash flows:

	Project A	Project B	Project C
Year	Cash Flow	Cash Flow	Cash Flow
0	-$1,000	-$1,000	-$1,000
1	$4,000	$1,000	$2,000
2	$0	$1,000	$0
3	$0	$1,000	$2,000
4	$0	$1,000	$0

Which project is the most valuable?

Select one:

a. Project C

b. All three projects are equally valuable.

c. Project A

d. Project B