Using capital rationing to make capital investment decisions

Hudson Manufacturing is considering three capital investment proposals. At this time,

Hudson only has funds available to pursue one of the three investments.

Equipment A Equipment B Equipment C

Present value of net cash inflows $ 1,647,351 $ 1,969,888 $ 2,064,830

Initial investment (1,484,100) (1,641,573) (1,764,812)

NPV $ 163,251 $ 328,315 $ 300,018

Best Investment using capital rationing?