Pound Industries is attempting to select the best of three mutually exclusive projects. The initial investment and after-tax cash inflows associated with these projects are shown in the following table.

Cash flows Project A Project B Project C Initial investment (CF0) $60,000 $100,000 $110,000 Cash inflows (CFt), t 5 1 to 5 20,000 31,500 32,500

d. Draw the net present value profiles for both projects on the same set of axes, and discuss any conflict in ranking that may exist between NPV and IRR. e. Summarize the preferences dictated by each measure, and indicate which project you would recommend. Explain why.