A Company Seeking Investment Opportunities Has Collected the Following Information

A company seeking investment opportunities has collected the following information. $$\begin{array} { | l | r | r | r | r | } \hline & \text { Project A } & \text { Project B } & \text { Project C } & \text { Project D } \\\hline \text { Initial investment } & \$ 400,000 & \$ 250,000 & \$ 150,000 & \$ 270,000 \\\hline \text { PV of cash inflows } & \$ 570,000 & \$ 295,000 & \$ 210,000 & \$ 282,000 \\\hline \text { Payback period (years) } & 3.6 & 3.0 & 4.75 & 3.5 \\\hline \text { NPV of project } & \$ 170,000 & \$ 45,000 & \$ 60,000 & \$ 12,000 \\\hline \text { Profitability index } & 1.43 & 1.18 & 1.40 & 1.04 \\\hline\end{array}$$ If the company makes a decision based on the NPV, the most preferable project would be:

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