Three mutually exclusive projects are being considered. All have a useful life of $8$ years. The interest rate is $1\%.($Do nothing is not an option$)$

$\backslash$table$[[,$A$,$B$,$C$],[$Initial cost$,650,000,750,000,450,000],[$Uniform annual benefit,$275,000,355,000,200,000]]$

Which project should be selected based on

a$.$ Payback period

b$.$ Discounted payback period

c$.$ Benefit$/$cost ratio

d$.$ NPV analysis

e$.|IRR||$