Using the data in the following table, which project adds the most value to the firm? Payback Period NPV Project A B C D 1) A 2) B 3) C 4) D 2.6 years 2.5 years 2.4 years 3.0 years $18.14 million $17.12 million $10.65 million $5.17 million IRR 23.93% 31.19% 21.61% 13.26% WACC 11.00% 15.00% 12.00% 14.00% 5) All of the projects increase the value of the firm equally.

Using the data in the following table, which project adds the most value to the firm? 1) A 2) B 3) C 4) D 5) All of the projects increase the value of the firm equally