Your company is considering three mutually exclusive projects.
Project A Project B Project C
Year Cashe Flow Cash Flow Cash Flow
0 -38500 -42000 -37000
1 20000 10000 15000
2 24000 40000 29500
3 26000 10000 25000
The company doesn’t have any constraints in raising money, and the WACC is 10%. Which project should they invest in?