The Weston Corporation is analyzing projects A, B, and C as possible investment opportunities. Each of these projects has a useful life of five years. The following information has been obtained: Project A Project B Project C Initial investment required $480,000 $490,000 $500,000 Present value of future cash inflows $520,000 $690,000 $675,000 Internal rate of return | 14% 16% 18% Which of the following statements is correct? Multiple Choice Project A is preferred over Project B according to the internal rate of return. Project A is preferred over Project C according to the project profitability index. Project B is preferred over Project C according to the project profitability index. o oo Project A is preferred over Project C according to a net present value ranking