The Columbus Company Has Four Mutually Exclusive Projects with the Following

The Columbus Company has four mutually exclusive projects with the following information: Which project is preferred?
$\begin{array}{lrrrr}&\text { Project } 1&\text { Project } 2&\text { Project } 3&\text { Project } 4\\\text { NPV } & \$(12,000) & \$ 80,000 & \$ 60,000 & \$ 20,000 \\\text { IRR } & 7 \% & 10 \% & 12 \% & 9 \%\end{array}$

A) Project 1
B) Project 2
C) Project 3
D) Project 4

Correct Answer:

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