XYZ Ltd is considering three investment opportunities. Each requires an initial outlay of $20,000 and has a lifespan of 5 years. The company’s required rate of return is 12%. The cash flows for the projects are as follows:

Year	Project A	Project B	Project C
1	$6,000	$7,000	$5,000
2	$6,000	$5,000	$7,000
3	$6,000	$6,000	$6,000
4	$6,000	$5,000	$7,000
5	$6,000	$7,000	$6,000

Requirements:

1. Calculate the NPV for each project.
2. Rank the projects based on their NPVs.
3. Determine the IRR for each project.
4. Compute the Profitability Index (PI) for each project.

Assess which project should be selected if only one can be chosen