Daniel is the CFO for Target Corporation, and members of the Sales team have come to you with several alternative plans to generate additional revenue for the corporation. Details of the incremental forecasted revenues for each of these plans are as follows:

Plan 1: No revenues in years 1-4, but new revenues of $100,000 per year in years 5-10.

Plan 2: Incremental revenues of $47,500 in each of years 1 through 10.

Plan 3: Incremental revenues of $92,000 in year 2, $150,000 in year 5, $40,000 in year 6, and 190,000 in year 10 (no incremental revenue in years 1, 3, 4, or 7-9).

Assume all revenue amounts are measured at the end of each year except as noted. Assume target typically uses an interest rate of 6% when contemplating investments like this.

Indicate which of these proposed plans is best on a financial basis. Show your calculations to support your answer, and explain briefly as needed.