Exercise $26-16($Static$)$ Investment decisions; no calculations LO P$1,$ P$3,$ P$4$

Lopez Company is considering three alternative investment projects below:

$\backslash$table$[[,$Project $1,$Project $2,$Project $3],[$Payback period,$3\mathrm{.}5$ years,$4\mathrm{.}0$ Years,$3\mathrm{.}2$ Years$],[$Net present value,$$25,000,$$$32,000,$$$18,000$