QUESTION 13

Cooney Co. is evaluating the following independent projects. The manager has determined that the appropriate discount rate is 10% for all the recommended projects. Rank order the projects based on the net present value.

Year	Project A	Project B	Project C
0	-32,000	-58,000	-80,000
1	0	40,000	40,000
2	0	20,000	35,000
3	55,000	20,000	35,000

		C,A,B
		C,B,A
		A,B,C
		B,A,C