Assume that Marin Inc. has a capital budget of $220,000. In addition, it has the following projects for evaluation. Determine which project(s) should be chosen, assuming k is 15 percent. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to 2 decimal places e.g. 58,971.25.)
Project Initial CF CF1 CF2 CF3
A -104,500 84,500 83,500 0
B -76,000 53,500 64,500 74,500
C -115,500 58,500 104,500 84,500
NPV$_{AB}$ $
NPV_{AC}$ $
NPV_{BC}$ $
should be chosen.