Taraz Company has assembled the following data with respect to six projects.

• Project 1: Initial cost = $60,000; NPV = $2,000
• Project 2: Initial cost = $56,000; NPV = $1,825
• Project 3: Initial cost = $65,000; NPV = $2,250
• Project 4: Initial cost = $63,000; NPV = $2,200
• Project 5: Initial cost = $58,000; NPV = $1,950
• Project 6: Initial cost = $61,000; NPV = $2,100

Taraz Company can only do one of the projects. Which ONE is the BEST?

Project 1

Project 2

Project 3

Project 4

Project 5

Project 6