The following show four mutually exclusive investments. Which is the best investment

The following show four mutually exclusive investments Which is the best investment? Initial investment: Sl. 1 million; Cash flow in year 1: Initial investment: $1.2 million; Cash flow in year 1: Initial investment: $1.3 million; Cash flow in year 1: Initial investment: $1.4 million; Cash flow in year 1: $160,000, $150,000, $160,000, $150,000, Annual Growth Rate: 2%; Cost of Capital: Annual Growth Rate: 2%; Cost of Capital: Annual Growth Rate: 1%; Cost of Capital: Annual Growth Rate: 2%; Cost of Capital: 9.1% 7.1% 6% 880/0