Three projects each require an initial investment of $150,000. Each has no residual value at the end of three years. The following table presents the forecast annual profits for each project. 
-Rank these projects (best to worst) based on their NPVs if the cost of capital is 8%.
A) 2;1;3
B) 3;1;2
C) 3;2;1
D) 2;3;1
E) 1;2;3
Correct Answer:
Verified
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