Was the range of the amounts of money that Company Y budgeted for its projects last year equal to the range of the amounts of money that it budgeted for its projects this year? (1) Both last year and this year, Company Y budgeted money for 12 projects and the least amount of money that it budgeted for a project was $400. (2) Both last year and this year, the average (arithmetic mean) amount of money that Company Y budgeted per project was $2,000.

A:Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.

B:Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.

C:BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.

D:EACH statement ALONE is sufficient.

E:Statements (1) and (2) TOGETHER are NOT sufficient.