You have just become the Vice President of the X Corporation and your first task

is to determine the firm's facility investment strategy. You must evaluate the following potential

options; your firm only has a maximum of $8 Million in total to invest in new projects.

1. An expansion at Facility A will cost $4 Million, take one year to complete,

but generate additional net operating cash inflows of $800,000 per year for

20 years

2. An expansion at Facility B will cost $3.7 Million, take one year to complete,

but generate additional net operating cash inflows of $700,000 per year for

20 years

3. An expansion at Facility C will cost $3 Million, take two years to complete,

but generate additional net operating cash inflows of $700,000 per year for

20 years

Which option (or options) should your firm choose if the discount rate is 12%? You may assume

that net operating cash flows flow at the end of each year.

what are the steps to doing this question? I'm getting the wrong answer