Your client is considering four projects that will use approximately the same capital investment. They have enough capital to invest in all of these proposals if they meet the criteria. Here are the metrics computed using the project's expected returns:
|Proposal 1||Proposal 2||Proposal 3||Proposal 4|
|Payback period||4 years||3.5 years||5 years||6 years|
|Net present value||\$80,000||\$79,000||\$66,000||\$78,000|
|Internal rate of return||16%||14%||11%||16%|
|Accrual accounting rate of return||8%||6%||4%||7%|
Which of these proposals, if any, should be pursued, using only these metrics to decide?
Select ALL that apply.