Company ABC Inc. is evaluating three mutually exclusive investment projects, A, B and C. Their initial cost is €50,000 per each. Project A has expected NPV of €12,354 and a respective standard deviation of €3,987. Project B has expected NPV of €16,598 and a respective standard deviation of €4,569. Project C has expected NPV of €22,396 and a respective standard deviation of €8,120. The company should choose: a. Project B, because its coefficient of variation is the lowest. O b. None, because their NPVs are lower than their initial cost. O c. Project C, because its NPV is the highest. d. Project A, because its standard deviation is the lowest. e. All three, because their NPVs are positive.