Boston Corp. is evaluating three projects. Each project will return a total of $600,000 to the company in cash flows over a three-year period. The cash flows for the three projects are as follows:

 

Year 1 Year 2 Year 3 Total

Project A $300,000 $200,000 $100,000 $600,000

Project B 200,000 200,000 200,000 600,000

Project C 100,000 200,000 300,000 600,000

 

Which project represents the best investment for Boston?

 Project C

 

 Project A

 

 All projects are equally good investments.

 

 Project B