a company is considering investing in three muntually exclusive projects . each project willl require a $200,000 initial investment and will provide cash flow for a three year period. each project willnot last beyond three years. as following: Q?If the company considers the time value of money in determing which project to invest in, which project represents the best investment???

project#1 project #2. project#3

year 1: $200,000 $400,000 $600,000

year 2: 400,000. 400,000 400,000

yaer 3; 600,000 400,000 200,000