C Company is investigating four different opportunities. Information on the four projects under study is as follows: Investment required Project 1 $480,000 Project 2 $360,000 Project 3 $270,000 Project 4 $450,000 Present value of cash inflows 567,270 433,400 336,140 522,970 Net present value $87,270 $73,400 $66,140 $72,970 Life of project 6 years 12 years 6 years 3 years The company's required rate of return is 10%; therefore a 10% discount rate has been used in the present value computations above. Limited funds are available for investment, so the company cannot accept all of the available projects.