Which capital budgeting method is most useful for evaluating a project that has an initial afterminustax cost of$$ $$5,000,000$ and is expected to provide afterminustax operating cash flows of$$ $$1,800,000$ in year$1,($$$2,900,000)$ in year$2,$ $$2,700,000$ in year$3,$ and$$ $$2,300,000$ in year$4?$

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Part $1$

A$.$

accounting rate of return

B$.$

net present value

C$.$

internal rate of return

D$.$

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