The prevailing cost of capital is 9% per annum. What would various capital-budgeting rules recommend for the following projects? In other words, what project looks the best based on NPV, IRR, payback, and Profitability Index?

Year 0 Year 1 Year 2 Year 3 Year 4

A -1000 300 400 500 600

B -1000 150 200 1000 1200

C -2000 1900 200 0 0

D -200 300 0 0 0

E -200 300 0 -100 0