Project A has NPV =+$2,000, IRR =12% and discounted payback period of 3 years. ...

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Accounting

Project A has NPV =+$2,000, IRR =12% and discounted payback period of 3 years.
Project B has NPV =+$2,200, IRR =11% and discounted payback period of 7 years
Project C has NPV =+$4,000, IRR =15% and discounted payback period of 4 years
Project D has NPV =+$3,000, IRR =17% and discounted payback period of 4 years
If the board of directors for the company has a priority of maximizing profitability in its selection of projects, which of the projects should be approved first?
A. Project A
B. Project B
C. Project C
D. Project D

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