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Best Co. is evaluating the following mutually exclusive projects for investment (numbers are in $ millions). Period Proj. A Proj. B Proj. C 0 -10

Best Co. is evaluating the following mutually exclusive projects for investment (numbers are in $ millions).

Period Proj. A Proj. B Proj. C
0 -10 -15 -20
1 3 3 4
2 3 4 5
3 3 5 6
4 3 6 7
5 3 7 8

If the appropriate discount rate is 15% (after tax), what is the net present value (NPV) of Proj. A (in $ millions)?

Group of answer choices

NPV 0

0 < NPV 0.05

0.05 < NPV 0.10

0.10 < NPV

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