Question: Panhandle Corp. is considering three projects. Each project has an initial outlay of $338,000. Project A is expected to earn $102,000 per year for four

Panhandle Corp. is considering three projects. Each project has an initial outlay of $338,000.

Project A is expected to earn $102,000 per year for four years.

Project B is expected to earn $450,000 in year four.

Project C is expected to earn $25,000 in year one, $75,000 in year two, $125,000 in year three, and $200,000 in year four.

The WACC is 7%.

What is the order of IRR from largest to smallest?

A, B, C
A, C, B
B, A, C
C, B, A

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