The Following Data Was Given for Three Projects Being Considered

The following data was given for three projects being considered by Manosteel Ltd. Only one project can be accepted due to funding limitations. $\begin{array}{llll}\text { Project } & \text { IRR } & \text { NPV } & \text { Payback } \\\text { A } & 16 \% & \$ 18,000 & 7 \mathrm{yrs} \\\text { B } & 18 \% & \$ 100,000 & 5 \mathrm{yrs} \\\text { C } & 15 \% & \$ 95,000 & 10 \mathrm{yrs}\end{array}$ Which project is the best given that Manosteel's required rate of return is 14%?

A) Project A
B) Project B
C) Project C
D) All projects should be accepted, as all have a positive Net Present Value and an Internal Rate of Return greater than the required rate of return.