Question #4 Rank the following non-mutually exclusive drilling projects in the order in which your company should select the projects. You company uses an escalated minimum rate of return of 15%, and inflation is expected to be 2.5% each year. All cash flows are represented in escalated dollars. All Values in Millions of Dollars Project 0 1 2 3 4 5 6 YRS A1 $ 17,000) $ 3,500 $ 3,500 $ 3,500 $ 4,500 $ 4,500 $ (2,000) A2 $ (7,500) $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ $ A3 $ (5,000) $ 2,000 $ (3,000) $ 5,500 $ 5,500 $ 5,500 $ B1 $ (8,500) $ 3,500 $ 3,500 $ 3,500 $ 3,500 $ 3,500 $ 3,500 B2 $ (6,000) $ 3,000 $ (3,500) $ 3,000 $3,000 $ 3,000 $3,000 Based on your ranking, was the highest NPV your number one choice? Why or why not