Please show your work.

3-24. Your company is considering investing in three projects with projected Operating Income and Investment streams as shown in the following table. Rank the three projects by ROI, IRR, DROI, and AOEROR assuming your investment opportunity rate is 20% and using mid-period discounting. For calculating AOEROR use a common terminal point for all projects at the end of year 10. a. If your company only has $6 million to invest in one of these projects (and plenty of small projects that will return 20% on average) which project do you recommend? b. If your company finds some more money and now has $11 million to invest (and plenty of small projects that will return 20% on average) which project(s) do you recommend? Year Project A Project B Oper Invest Oper Invest Inc Inc Project C Oper Invest Inc M$ M$ M$ M$ 0 1000 1 0 2 1000 3000 0 M$ M$ 1000 1000 0 3000 2000 0 4000 0 3600 0 3240 2000 8000 4000 2000 1000 500 00W- 1000 1000 0 2000 2000 1000 3500 1000 3150 02835 02552 0 2297 0 2067 0 0 0 2916 0 0 2624 2362 0 0 9 1860 0 10 1674 0 3-24. Your company is considering investing in three projects with projected Operating Income and Investment streams as shown in the following table. Rank the three projects by ROI, IRR, DROI, and AOEROR assuming your investment opportunity rate is 20% and using mid-period discounting. For calculating AOEROR use a common terminal point for all projects at the end of year 10. a. If your company only has $6 million to invest in one of these projects (and plenty of small projects that will return 20% on average) which project do you recommend? b. If your company finds some more money and now has $11 million to invest (and plenty of small projects that will return 20% on average) which project(s) do you recommend? Year Project A Project B Oper Invest Oper Invest Inc Inc Project C Oper Invest Inc M$ M$ M$ M$ 0 1000 1 0 2 1000 3000 0 M$ M$ 1000 1000 0 3000 2000 0 4000 0 3600 0 3240 2000 8000 4000 2000 1000 500 00W- 1000 1000 0 2000 2000 1000 3500 1000 3150 02835 02552 0 2297 0 2067 0 0 0 2916 0 0 2624 2362 0 0 9 1860 0 10 1674 0