A beverage company wants to launch a new juice product in the U$.$S$.$ market. Its finance team has presented the following information about the top three available product options.

NPV IRR Payback period

Option $01$ $$32,00020\%4$ years

Option $02$ $$19,00018\%3\mathrm{.}5$ years

Option $03-$$$800015\%3$ years

The fundholders of the company expect a rate of return of $19\%.$ Assuming the role of the CFO, answer the following questions:

Based on the IRR technique of project evaluation, which of the following projects would you choose to invest in$?$

Note: You can choose to launch only one product.

Option $01$

Option $02$

Option $03$