David runs a local furniture business in his hometown of Jackson, Mississippi. He has been presented with three projects to expand his business after an initial cash outflow.

David can obtain financing from the local bank at $12\%$; if these projects are mutually exclusive, which project should he choose.?

Project A Project B Project C

Year Projected CF Year Projected CF Year Projected CF

$0-2500000-1500000-300000$

$1500001500001175000$

$2500002500002150000$

$31750003500003100000$

$4300000450000450000$