XY Company is considering 5 investment projects as follows: Project Investment ($) Profitability index (PI) 10,000 1.2 B 6,000 1.1 C 18,000 1.6 D 14,000 0.9 E 12,000 1.3 The company has $30,000 available for investment. Projects C and E are mutually exclusive. All projects can be undertaken only once and are not divisible. Required: (iii)Calculate the maximum NPV earned from the projects to be picked. A. Pick C, A, & part B; total NPV = $13,000 B. Pick C, A, & B; total NPV = $13,400 C. Pick C & Aj total NPV = $12,800 the above