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	$	101,931		$	56,347		$	93,780
Initial investment		168,000			106,800			158,000

In what order should Iron prioritize investment in the projects?

Multiple Choice

• C, B, A

• A, B, C

• C, A, B

• A, C, B