You were approached with the task of assessing three supposedly value-enhancing investment opportunities your company is considering. While Project A generates $50 every year indefinitely, there are no additional cash flows from projects B and C beyond year 4. The cash flows for each are listed below. Assume that all three projects are equally risky and have a discount rate of 6.00% per year. Time 0 O Project A O Project B O Project C 3 4 Infinity Project A -$250 $50 $50 $50 $50 $50 Project B -$1,200 $300 $500 $600 $1,000 Assuming the projects were mutually exclusive, which project would you recommend the firm take in order to maximize the value of the firm's equity? Project C -$1,800 $750 $350 $750 $450 Note: Report your answer in years rounded to two decimal places. If it is impossible to compute the answer, report 0.00 as your response.

You were approached with the task of assessing three supposedly value-enhancing investment opportunities your company is considering. While Project A generates $50 every year indefinitely, there are no additional cash flows from projects B and C beyond year 4 . The cash flows for each are listed below. Assume that all three projects are equally risky and have a discount rate of 6.00% per year. Assuming the projects were mutually exclusive, which project would you recommend the firm take in order to maximize the value of the firm's equity? Note: Report your answer in years rounded to two decimal places. If it is impossible to compute the answer, report 0.00 as your response. Project A Project 8 Project C