(Ignore Income Taxes in This Problem

Essay

(Ignore income taxes in this problem.) Consider the following three investment opportunities:
Project I would require an immediate cash outlay of $10,000 and would result in cash savings of $3,000 each year for 5 years.
Project II would require cash outlays of $3,000 per year and would provide a cash inflow of $30,000 at the end of 5 years.
Project III would require a cash outlay of $10,000 now and would provide a cash inflow of $30,000 at the end of 5 years.
Required:
The discount rate is 14%. Use the net present value method to determine which, if any, of the three projects is acceptable.