Apex Co Has $100,000 Available for Long-Term Investment 243
A) 4 and 5
B) 2, 3, and 4

Apex Co. has $100,000 available for long-term investment. Which projects should be selected from the list below? $\begin{array}{ccccc}\text { Proiect } & \text { Cost } & \text { IRR } & \text { NPV } & \text { Profitability Index }\\\hline1 & \$ 60,000 & 16 \% & \$ 3,413 & 1.057 \\2 & 40,000 & 20 \% & 7,563 & 1.190 \\3 & 40,000 & 24 \% & 8,036 & 1.201 \\4 & 20,000 & 14 \% & 1,313 & 1.066 \\5 & 60,000 & 18 \% & 14,583 & 1.243\end{array}$
.243

A) 4 and 5
B) 2, 3, and 4
C) 3 and 5
D) 2 and 5

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