Consider the four Capital budgeting projects listed below. Consider the four Capital budgeting projects listed below. The appropriate cost of Capital is 12.5%. If these projects are mutually exclusive, and the company is not practicing capital rationing, which one or one of these four projects shall be accepted?

	Project A	Project B	Project C	Project D
NPV	$500	$1300	-$20	$740
IRR	25%	13.5%	8.5%	12.8%

There can be more than one answer.

A.

B.

C.

D.

*please explain thoroughly, and include a break down of the calculations when using a calculator I would be very thankful*