The BPC Company must decide among the following three mutually exclusive investment projects. Each project has a positive NPV and each project's MIRR > WACC. Which invest project should BPC Company select if it has an aversion to risk?

Project	Expected Value	Standard Deviation
A	$1,800	$900
B	$2,000	$1,400
C	$1,500	$500

Select one:

a. Project C, because its coefficient of variation is 0.33.

b. All projects should be accepted because each project's MIRR>WACC.

c. Project B, because its coefficient of variation is the largest at 0.7.

d. Project A, because its coefficient of variation is the smallest at 2.0.

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