How can I figure out A company is deciding which projects to...

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Finance

How can I figure out
A company is deciding which projects
to invest in. They have received the
financial analyses shown below
regarding the projects. If you were
making the decision to invest in only
one project, which one would it be?
Assume that the WACC for the
company is 14%(State the pros and
cons of your decision relative to the
others) Project 1 Project 2 Project 3
Payback Period (years)1.83.50.6 Net
Present Value (NPV) $1,200,000
$3,900,000 $20,000 Internal Rate of
Return (IRR)26.8%15.3%71.5%
Modified Internal Rate of Return (MIRR)
21.1%14.5%56.0%
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