Assume That Each of the Following Projects Have the Same

Multiple Choice

Assume that each of the following projects have the same costs (1,000) . The discount rate is 3%. The payoffs from the projects are presented in the table below:
Based on this information, which project would you recommend?
$$\begin{array} {| l c c c | } \hline& { \text { Project } } \\\text { at the end of year 1 } & 500 & \text { B } & \text { C } \\\text { at the end of year 2 } & 500 & 250 & 500 \\\text { at the end of year 3 } & 500 & 250 & 1000 \\\hline\end{array}$$

A) A
B) B
C) C
D) None