Based on the data provided below, rank the projects based on each capital budgeting tool and then make a final recommendation as to which project should pursued. Assume the NPV and MIRR were calculated using the WACC.

Overall the best choice is? Why?

Modified Internal Net Present Value Rate of Return Profitability Index Payback options (NPVD (MIRR) Project A $1,000 million 10.34 1.100 4.35 years Project B $5 million 8.75% 95 3.67 years Project C $500 million 9.90% 1.05 2.15 years Project D $1,550 million 9.62% 1.20 5.88 years Modified Internal Net Present Value Rate of Return Profitability Index Payback Ranking (MIRR) Top Choice ond Choice 3rd Choice 4th Choice