Let $A$ and $B$ be two events such that $P(\overline{A \cup B})=\frac{1}{6}, P(A \cap B)=\frac{1}{4}$ and $P(\bar{A})=\frac{1}{4}$, where
$\bar{A}$ stands for complement of event $A$. Then events $A$ and $B$ are
(A) equally likely and mutually exclusive
(B) equally likely but not independent
(C) independent but not equally likely
(D) mutually exclusive and independent