Apex Co. has $100,000 available for long-term investment. Which projects should be selected from the list below? Project Cost IRR NPV Profitability Index
1 $60,000 16% $3,413 1.057
2 40,000 20% 7,563 1.190
3 40,000 24% 8,036 1.201
4 20,000 14% 1,313 1.066
5 60,000 18% 14,583 1.243
A) 4 and 5
B) 2, 3, and 4
C) 3 and 5
D) 2 and 5
Correct Answer:
Verified
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