Exhibit $1$

The Investment Detective

Project Free Cash Flows $($in $ Thousands$)$ Calculate the NPV$,$ IRR, Profitablity Index, Payback Period, Discounted Payback Period, and Equivalent Annuity for projects $1-8.$

Rank the projects and explain your rankings. $($Next to $"1$st$"$ you should enter the project number that you would rank as the best project...$)$

Fill in the yellow cells with your answers.