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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

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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Life of Internal Net the Rate Investment Present Project of Return Project Required Value (years) (percent) $160, 000 $44 , 323 7 18% $135 , 000 9 $42, 000 12 16% $100, 000 $35 , 035 7 20% $175, 000 $38 , 136 3 22%

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