A firm is evaluating three capital projects. The net present values for the projects are as follows: 
The firm should
Definitions:
Reship Conforming Goods
The act of sending goods that meet the contractual specifications after initially shipping non-conforming goods.
Notice of Rejection
A formal notification indicating that an offer or proposal has been declined.
Revoke Acceptance
In contract law, the right of a buyer to reject goods after initial acceptance if they substantially fail to conform to the contract or because of a latent defect.
Nonconformity
The failure of a product or service to meet specified standards or expectations, typically resulting in a breach of warranty.
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