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Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows:

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Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows: Life of Project ABCD Investment Required $ 130,000 $ 136,000 $ 105,000 $ 169,000 Present value of Cash Inflows $ 249,323 the Internal Project Rate of (years) Return 7 20% $ 222,000 12 18% $ 180,035 7 19% $ 258,136 3 17% The net present values should be computed using a 10% discount rate. The company wants your assistance in determining which project to accept first, second, and so forth.

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