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Mr. Lawrence asks his class to round 849.354 to the nearest hundredth. Andrew says the answer is 849.35, and Paul says the answer is 849.34. Who is correct and why?

A. Paul is correct because the 4 to the right of the hundredths place is less than 5.
B. Andrew is correct because the 5 in the hundredths place is equal to 5.
C. Andrew is correct because the 4 to the right of the hundredths place is less than 5.
D. Paul is correct because the 5 in the hundredths place is equal to 5.