Suppose you have three capital projects under consideration.
All three projects will increase cash flows for a period of 10 years, beginning at the end of year 1.
	Project 1 has an initial cost of $10 million and will increase cash inflows by 1.5 million per year
	Project 2 has an initial cost of $20 million and will increase cash inflows by 2.5 million per year for 10 years and begin at end of year 1
	Project 3 has an initial cost of $14 million and will increase cash inflows by 2 million per year beginning at the end of year 1
Which project would you recommend based on the net present value? In other words, the investment cost subtracted from the PV total.
Suppose the discount rate is 6%. Show your work using the factor tables to determine which project is the most profitable.