a company seeking investment opportunities has collected the following information: project a project b project c project d initial investment $400,000 $250,000 $150,000 $270,000 pv of cash inflows $570,000 $295,000 $210,000 $282,000 payback period (years) 3.6 3.0 4.75 3.5 npv of project $170,000 $45,000 $60,000 $12,000 profitability index 1.43 1.18 1.40 1.04 if the company makes a decision based on the net present value, which project will be selected?
