A company seeking investment opportunities has collected the following information: Project A Project B Project C Initial investment $520,000 $360,000 $270,000 PV of cash inflows $670,000 $395,000 $310,000 Payback period (years) 3.6 34.2 5.75 NPV of project $120,000 $155,000 $130,000 Profitability index 1.65 1.29 1.55 Project D $390,000 $382,000 4.5 $115,000 1.36 If the company makes a decision based on the net present value, which project will be selected? CH O A. Project C OB. Project A O c. Project B OD. Project D