(CHAPTER 9) Your boss is comparing 3 independent projects with the following characteristics: Project #1 Project #2 Project #3 Net Present Value $250 $310 $280 Internal Rate of Return 12.53% 11.03% 9.08% Profitability Index 2.50 1.80 1.01 Payback period 4.5 years 4.5 years 2.6 years The required payback period is 5 years, and the required return is 9%. QUESTION: Based on all of the above information, which project would you recommend your boss to accept? O Project 1 Project 2 O Project 3 O Projects w1 and 2 O Projects #1 and #3 O Projects #2 and 3 All three projects None of the projects