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Iron, Inc., which has a hurdle rate of 10%, is considering three different independent investment opportunities. Each project has a five-year life. The annual

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Iron, Inc., which has a hurdle rate of 10%, is considering three different independent investment opportunities. Each project has a five-year life. The annual cash flows and initial investment for each of the projects are as follows: (Future Value of $1, Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Do not round intermediate calculations. Round your final answer to the nearest hundred.) Project A Project B Project C Annual cash flows. $ 87,607 Initial investment 162,000 $ 57,151 106,200 $ 86,209 152,000 In what order should Iron prioritize investment in the projects? Multiple Choice C, A, B. C, B, A A, B, C ACR

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