Project A has NPV $=+$$$2,000,$ IRR $=12\%$ and discounted payback period of $3$ years.

Project B has NPV $=+$$$2,200,$ IRR $=11\%$ and discounted payback period of $7$ years.

Project C has NPV $=+$$$4,000,$ IRR $=15\%$ and discounted payback period of $4$ years.

Project D has NPV $=+$$$3,000,$ IRR $=17\%$ and discounted payback period of $4$ years.

If the board of directors for the company has a priority of minimizing financial risk and then maximizing NPV as second priority if two projects have the same risk level, which project should be approved first?

A$.$ Project A

B$.$ Project B

C$.$ Project C

D$.$ Project D