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A particular company is evaluating three projects. Each project will return a total of $900,000 to the company in cash flows over a three-year period.

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A particular company is evaluating three projects. Each project will return a total of $900,000 to the company in cash flows over a three-year period. The cash flows for the three projects are as follows: Project A $400,000 Project C $200,000 Year 1 Year 2 300,000 Project B $300,000 300,000 300,000 $900,000 300,000 Year 3 200,000 400,000 $900,000 TOTAL $900,000 Considering returns adjusted for the time value of money, which project represents the best investment for this company? O All projects are equally good investments. O Project A O Project C Project B

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