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Refer to the Table Below,which Shows the Results of Payback,net

question 22

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Refer to the table below,which shows the results of payback,net present value,and internal rate of return analysis of four projects.Which is preferred by the internal rate of return criterion?
 A  B  C  D  Payback 3585 NPV $67.95$200.96$256.78$669.85 IRR 12.59%11.81%10.93%11.81%\begin{array} { | l | c | c | c | c | } \hline& \text { A } & \text { B } & \text { C } & \text { D } \\\hline \text { Payback } & 3 & 5 & 8 & 5 \\\hline \text { NPV } & \$ 67.95 & \$ 200.96 & \$ 256.78 & \$ 669.85 \\\hline \text { IRR } & 12.59 \% & 11.81 \% & 10.93 \% & 11.81 \% \\\hline\end{array}

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