Evaluation of three projects for the production of Benzene. Take into account an interest rate of 15% and a duration of 6 years.

A) Consider an investment of $200,000, which must be renewed in the third year and with which an annual net flow of funds of $135,000 is expected. B) Consider an initial investment of $200,000, which expects an annual net cash flow of $90,000. C) Consider an initial investment of $200,000, which must be renewed in the second year and fourth year for $220,000, which expects an annual net cash flow of $175,000.

1- Calculate NPV and IRR for each project. 2- Select the best project and justify it.