I need to solve this problem using time value computations, you must use the FV, PV, PMT functions in Excel. I am having issues understanding which of the 3 is used in this problem. Please help me understand which to use

A company is considering three capital budgeting projects. Each project requires an initial outlay of $4,000,000. Cash inflows for each project are given in the table below. Each project has a life of 3 years. The company uses the NPV method to evaluate capital budgeting projects and its required rate of return is 9%. Here are the cash inflows from the projects.

Project A Project B Project C

Year 1 $1,900,000 0 $1,000,000

Year 2 $1,900,000 0 $2,000,000

Year 3 $1,900,000 $6,000,000 $2,000,000

1. Perform all relevant calculations to determine NPV for each project. Show all work and perform all time value computations using the time value functions in Excel.

A. If the projects are independent, which, if any, should the company accept? Why?

c. If the projects are mutually exclusive, which, if any, should the company accept? Why?

D. One of the companys managers states To me, no matter what else we do, Project B needs to be our first choice because it has the largest cash inflows of $6,000,000. Comment on this managers proposal, considering the tenets of NPV and based on your computations.