Evaluation of three projects for the production of benzene

A) Consider an investment of $200,000, which must be renewed on the third year and with what is expected a net flow of annual funds of $135,000

B) Consider an initial investment of $200,000, which expects a net flow annual funding of $90,000

C) Consider an initial investment of $200,000, which must be renewed at second year and fourth year for $220,000, which expects a net flow of annual funds of $175,000

Take into account an interest rate of 15% and 6 years of duration

1- Calculate VAN and IRR for each project

2- Select the best project and justify