Project: Open with Google Docs The Bar-None Manufacturing Company manufactures fence panels used in cattle feedlots throughout the Midwest. Bar-None's management is considering three investment projects for next year but doesn't want to make any investment that requires more than three years to recover the firm's initial investment. The cash flows for the three projects (A, B, and C) are as follows: Year Project A Project B Project C 0 $(1,000) $(10,000) $(5,000) 1 600 5,000 1,000 2 300 3,000 1,000 200 3,000 2,000 4 100 3,000 2,000 5 500 3,000 2,000 Required: a) Rank the three projects using their payback periods. Which project looks the best using this criterion? b) If WACC is 8 % which project will be selected based on NPV and IRR analysis? Page 1 / 1 +