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The Following Data Was Given for Three Projects Being Considered

question 3

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The following data was given for three projects being considered by Manosteel Ltd.Only one project can be accepted due to funding limitations.
 Project  IRR  NPV  Payback  A 16%$18,0007 yrs  B 18%$100,0005 yrs  C 15%$95,00010yrs\begin{array}{llcc}\text { Project } & \text { IRR } & \text { NPV } & \text { Payback } \\\text { A } & 16 \% & \$ 18,000 & 7 \text { yrs }\\\text { B } & 18 \% & \$ 100,000 & 5 \text { yrs } \\\text { C } & 15 \% & \$ 95,000 & 10 y \mathrm{rs}\end{array}
Which project is the best given that Manosteel's required rate of return is 14%?

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