3. A bus line is considering three alternative buses to transport people from the commuter lot to the main campus. The projected end-of-year cash flows associated with each bus are:

Year	Bus A	Bus B	Bus C
0	-$55,000	-$65,000	-$75,000
1	40,000	25,000	23,000
2	40,000	25,000	23,000
3		25,000	23,000
4		25,000	23,000
5			23,000
6			23,000

Question: using the IRR approach, which bus should be taken?

Using the NPV approach (assuming WACC = 5%), which bus should be taken?