A company has four project investment alternatives. The required rate

A company has four project investment alternatives. The required rate of return on projects is 20%, and inflation is projected to remain at 3% into the foreseeable future. The pertinent information about each alternative is listed in the following chart:
A company has four project investment alternatives. The required rate

Which project should be the firm€™s first priority? Why? If the company could invest in more than one project, indicate the order in which it should prioritize these project alternatives.