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Select the plan you should make

A Project C

Payback period is the least precise of all cash flow calculations, so you shouldn’t give this a lot of consideration if NPV is positive and IRR is greater than 0. Since Project B and Project D both have a negative NPV, they shouldn’t be chosen. Project C has a higher IRR value than Project A and should be the project you choose, even though its payback period is longer than that of Project A.