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Yancey Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows: Project

Yancey Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows:

Project Investment Required Net Present Value Life of the Project (years) Internal Rate of Return
A $825,000 $186,000 7 14.31%
B $675,000 $180,000 14 12.36%
C $580,000 $205,800 10 15.35%
D $764,000 $163,744 3 19.53%

The net present values above have been computed using a 8% discount rate. The company wants your assistance in determining which project to accept first, which to accept second, and so forth. The company

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