Which Capital Budgeting Method Is Most Useful for Evaluating the Following

Multiple Choice

Which capital budgeting method is most useful for evaluating the following project? The project has an initial after tax cost of $5,000,000 and it is expected to provide after-tax operating cash flows of $1,800,000 in year 1, ($2,900,000) in year 2, $2,700,000 in year 3 and $2,300,000 in year 4?

A) NPV.
B) IRR.
C) Payback.
D) Two of the above.