Simon Company uses the net present value method to make investment decisions and requires a 15% annual return on all investments. The company is considering two different investments. Each require an initial investment of $16,000 and will produce cash flows as follows: End of Year Investment B $ 0 $8,000 8.000 8,000 24,000 The present value factors of $1 each year at 15% are: 0.8696 0.7561 0.6575 The present value of an annuity of $1 for 3 years at 15% is 2.2832 Which investment should Simon choose? Only Investment B is acceptable. Both investments are acceptable, but should be selected because it has the greater net present value. Only Investment A is acceptable. Both investments are acceptable, but A should be selected because it has the greater net present value