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Project A has NPV = + $ 2 , 0 0 0 , IRR = 1 2 % and discounted payback period of 3 years.

Project A has NPV =+$2,000, IRR =12% and discounted payback period of 3 years.
Project B has NPV =+$2,200, IRR =11% and discounted payback period of 7 years
Project C has NPV =+$4,000, IRR =15% and discounted payback period of 4 years
Project D has NPV =+$3,000, IRR =17% and discounted payback period of 4 years
If the board of directors for the company has a priority of maximizing value to the company's asset portfolio in its selection of projects, which of the projects should be approved first?
A. Project A
B. Project B
C. Project C
D. Project D

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