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Gambet Enterprises has three possible projects. Each project requires the same initial investment of $1,000,000. Gambet's CFO has prepared the following cash flow projections for

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Gambet Enterprises has three possible projects. Each project requires the same initial investment of $1,000,000. Gambet's CFO has prepared the following cash flow projections for each project. Year Project X Project Y Project Z W N - $1,250,000 $0 $500,000 $1,250,000 $0 $2,000,000 $1,250,000 $0 $2,000,000 4 $1,250,000 $5,000,000 $ 500,000 Compute the net present value of each project at a 15% cost of capital. Which project should be chosen

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