ABC Enterprises is evaluating three investment options, each with different cash flows:

• Project A:

• Initial Investment: $(150,000)
• Cash Inflows: $50,000, $70,000, $75,000, $60,000 over four years

• Project B:

• Initial Investment: $(180,000)
• Cash Inflows: $60,000, $80,000, $70,000, $65,000 over four years

• Project C:

• Initial Investment: $(200,000)
• Cash Inflows: $70,000, $90,000, $80,000, $75,000 over four years

Requirements:

1. Calculate the NPV for each project assuming a discount rate of 8%.
2. Determine the PI for each project.
3. Prepare a projected balance sheet for the selected project at the end of Year 4.