Consider the following projects.
I. Project B which has a Net Benefit Cost Ratio less than one but more than zero.
II. Project C whose present value of inflows is less than the present value of outflows.
III. Project D which has a cost of capital less than the internal rate of return.
IV. Project E which has the highest annual capital charge compared to all other projects. Which of the projects mentioned above could be accepted?
[A]Only (I) above
[B]Both (I) and (III) above
[C]Both (III) and (IV) above
[D](II), (III) and (IV) above
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