The management of Ortega manufacturing has three different proposals under consideration. the accounting department has

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The management of Ortega manufacturing has three different
proposals under consideration. the accounting department has
prepared the following information"
Proposal A
Proposal B
Proposal
C
Initial investment
$3,100,000.
$2,450,000

$2,055,000
Useful life of equipment 7 years

7 years

7 years
Estimated salvage value. $0

$400,000

$100,000
Payback period
4.2 years
4.4 years

4 years
Net present value discounted at 15% $(30,000)
$21,600
$15,800
Which of the above proposals generates the greatest annual cash
flow?