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The table below lists the projects that your company is considering to invest: Project Payback Period (Years) NPV (USD) IRR (%) A 4.1 21000 15.32

The table below lists the projects that your company is considering to invest:

Project Payback Period (Years) NPV (USD) IRR (%)
A 4.1 21000 15.32
B 3.3 17000 13.82
C 4.6 26000 14.94
D 4.0 15000 14.46
E 2.7 53000 12.82

The required return is 12.0 percent. Which project should be accepted if they are mutually exclusive?

A

D

B

E

C

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