A financial manager must choose between four alternative investments, 1, 2, 3, and 4. Each asset is expected to provide earnings over a three-year period as described below.$\begin{array}{rrrr}\text { Asset }&\text { Year } 1&\text { Year } 2&\text { Year } 3\
1 & \$ 21,000 & \$ 15,000 & \$ 9,000 \
2 & 9,000 & 15,000 & 21,000 \
3 & 3,000 & 18,000 & 19,000 \
4 & 6,000 & 12,000 & 12,000
\end{array}$Based on the profit maximization goal, the financial manager would choose
A) Asset 1.
B) Asset 2.
C) Asset 3.
D) Asset 4.

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The Answer of A financial manager must choose between four alternative investments, 1, 2, 3, and 4. Each asset is expected to provide earnings over a three-year period as described below.$\begin{array}{rrrr}\text { Asset }&\text { Year } 1&\text { Year } 2&\text { Year } 3\
1 & \$ 21,000 & \$ 15,000 & \$ 9,000 \
2 & 9,000 & 15,000 & 21,000 \
3 & 3,000 & 18,000 & 19,000 \
4 & 6,000 & 12,000 & 12,000
\end{array}$Based on the profit maximization goal, the financial manager would choose
A) Asset 1.
B) Asset 2.
C) Asset 3.
D) Asset 4.

A Financial Manager Must Choose Between Four Alternative Investments, 1