Information on four investment proposals is given below: Investment Proposal A B C D Investment required $ (90,000) $ (100,000) $ (70,000) $ (120,000) Present value of cash inflows 126,000 138,000 105,000 160,000 Net present value $ 36,000 $ 38,000 $ 35,000 $ 40,000 Life of the project 5 years 7 years 6 years 6 years