You have been authorized to spend up to $403000 for projects. The three porjects you are considering have the following characteristics:

Project A: Initail investment of $277000. Cash flow of $193000 at 1 year and $173000 at year 2. This is a plant expansion project where the required rate
of return is 13 percent.

Project B: Initail investment of $387000. Cash flow of $273000 at year 1 and $243000 at year 2. This is a new product development project where the
required rate of return is 17 percent.

Project C: Initial investment of $227000. Cash flow of $163000 at year 1 and $193000 at year 2. This is a market expansion project where the required rate
of return is 12 percent.

Assume the corporate discount rate is 13 percent.

Calculate the following (round answers 2 decimal places)

Payback ________ years ________ years ________ years

IRR ________ % ________ % _______ %

PI ________ ________ _______

NPV ________ ________ _______