Citco Company is considering investing up to $522,000 in a sustainability-enhancing project. Its managers have narrowed their choices to three potential projects.

• Project A would redesign the production process to recycle raw materials waste back into the production cycle, saving on direct materials costs and reducing the amount of waste sent to the landfill.
• Project B would remodel an office building, utilizing solar panels and natural materials to create a more energy-efficient and healthy work environment.
• Project C would build a new training facility in an underserved community, providing jobs and economic security for the local community.

Required:

1. Assuming the cost of capital is 12%, complete the table below by computing the payback period, NPV, profitability index, and internal rate of return. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.)

Based strictly on the economic analysis, in which project should they invest?