You are reviewing a recent analysis that was done to compare three alternative proposals to enhance your firms manufacturing facility. You find that the prior analysis ranked the proposals according to their IRR, and recommended the highest IRR option, Proposal A. You are concerned and decided to redo the analysis using NPV to determine whether this recommendation was appropriate. But while you are confident that the IRRs were computed correctly, it seems that some of the underlying data regarding the cash flows that were estimated for each proposal was not included in the prior analysis. For Proposal B, you cannot find information regarding the total initial investment that was required in year 0. And for Proposal C, you cannot find the data regarding additional salvage value that will be recovered in year 3. Here is the information you have:

Proposal	IRR	Year 0	Year 1	Year 2	Year 3
A	60.00%	$ 100	$30	$153	$88
B	55.00%	?	$0	$206	$95
C	50.00%	$ 100	$37	$0	$204 + ?

(a) Suppose the appropriate cost of capital for each alternative is 10%. Using the information above, compute the NPV of each project. (4 points)

(b) Which project should your firm choose?