The table below shows free cash flow projections for four different projects. In addition, the table also shows the NPV, IRR, and Payback period for each project. If you can only invest in one project, which one should you pick?

I.Project I

II.Project II

III.Project III

IV.Project IV

V.None

Question 5 5 points Save Answer The table below shows free cash flow projections for four different projects. In addition, the table also shows the NPV, IRR, and Payback period for each project. If you can only invest in one project, which one should you pick? Year Project Free Cash Flows Project 1 Project II (20,000) (10,000) 5,500 5,500 Project IV (10,000) 0 1 Project III (20,000) 5,000 10,000 15,000 5,000 1,000 2,000 2 3 5,500 3,000 4 4,000 5,500 5,500 5 5,000 6 14,000 5,500 5,500 7 40,000 Interest Rate 9.00% 13.00% 11.00% 12.00% INPV 7,681.24 6,882.25 7,094.63 7,002.43 21.90% IRR 19.68% 25.33% 26.63% 4 7 3 4 Payback Period (in Years) 1. Project 1 O II. Project II O III. Project III O IV. Project IV O V. None