Lion Enterprises Inc. is evaluating 3 investment alternatives. Each alternative requires a cash ...

Project A
NPV = $2,411.57
CF0 - $102,000 CF1 = $55,000 CF2 = $40,000 CF3 = $20,000 CF4 = $5,000 CF5 = $2,000
Or individual cash flows PV = $50,458.72 + $33,667.20 + $15,443.67 + $3,542.13 + $1,299.86 = $104,411.58
$104,411.58 - $102,000 = $2,411.58

Project B
NPV = $14,689.54
CF0 - $102,000 CF1 to 5 = $30,000
or PV of $30,000 annuity 5n 9% = $116,689.54
$116,689.54-$102,000 = $14,689.54

Project C
NPV = $13,957.18
CF0 - $102,000 CF1 to 2 = $0 CF3 = $45,000 CF4 = $55,000 CF5 = $65,000
or individual cash flows PV = $0 + $0 + $34,748.26 + $38,963.39 + $42,245.54 = $115,957.19
$115,957.19 - $102,000 = $13,957.19

Ranking B #1, C#2, A#3