A Company Seeking Investment Opportunities Has Collected the Following Information

A company seeking investment opportunities has collected the following information: $\begin{array}{|l|r|r|r|r|} \hline& \text { Project A } & \text { Project B } & \text { ProjectC } & \text { Project D } \\\hline \text { Initial investment } & \$ 400,000 & \$ 250,000 & \$ 150,000 & \$ 270,000 \\\hline \text { PV of cash inflows } & \$ 570,000 & \$ 295,000 & \$ 210,000 & \$ 282,000 \\\hline \text { Payback period (years) } & 3.6 & 3.0 & 4.75 & 3.5 \\\hline \text { NPV of project } & \$ 170,000 & \$ 45,000 & \$ 60,000 & \$ 12,000 \\\hline \text { Profitability index } & 1.43 & 1.18 & 1,40 & 1.04 \\\hline\end{array}$ If the company makes a decision based on the net present value, which project will be selected?

A) Project A
B) Project B
C) Project C
D) Project D