Need your inputs
Based on the information provided below, which project would you recommend for being pursued?
Project I, with BCR (Benefit Cost ratio) of 1:1.6;
Project II, with NPV of US $ 500,000;
Project III, with IRR (Internal rate of return) of 15%
Project IV, with opportunity cost of US $ 500,000.
I thought the answer to be D, but the test mentions C. Please let me know your opinion.