You are a senior manager at Poeing Aircraft and have been authorized to spend up to $400,000 for projects. The three projects you are considering have the following characteristics: Project A: Initial investment of $280,000. Cash flow of $190,000 at year 1 and $170,000 at year 2. This is a plant expansion project, where the required rate of return is 10%. Project B: Initial investment of $390,000. Cash flow of $270,000 at year 1 and $240,000 at year 2. This is a new product development project, where the required rate of return is 20%. Project C: Initial investment of $230,000. Cash flow of $160,000 at year 1 and $190,000 at year 2. This is a market expansion project, where the required rate of return is 15%. Assume the corporate discount rate is 10%. Please offer your recommendations, backed by your analysis:

A B C Payback IRR PI NPV