a) Project A requires an initial investment of $60,000 and expected to generate revenues of $20,000, $30,000 and $40,000 for the first, second, and third years, respectively. Project B requires a $80,000 initial investment and will generate $35,000 per year for three years. Project C requires a $50,000 initial investment and generate revenues of $30,000, $35,000 and $40,000 for the first, second, and third years. The target rate remains 15% for every project. Compare the project and choose the best project.