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Given that the investment in each of the projects is the same, the cost of capital is the same for all of the projects, and the total cash flow received from all of the projects is the same, the only variable is the timing of the receipt of cash flows. All other things being equal, a project's net present value will be higher when cash flows are received earlier. This ranking does not represent a ranking according to the earliest cash flow receipt. (Note: no calculations are required to answer this question.)
Given that the investment in each of the projects is the same, the cost of capital is the same for all of the projects, and the total cash flow received from all of the projects is the same, the only variable is the timing of the receipt of cash flows. All other things being equal, a project's net present value will be higher when cash flows are received earlier. This ranking does not represent a ranking according to the earliest cash flow receipt. (Note: no calculations are required to answer this question.)
Given that the investment in each of the projects is the same, the cost of capital is the same for all of the projects, and the total cash flow received from all of the projects is the same, the only variable is the timing of the receipt of cash flows. No calculations are required to answer this question. All other things being equal, a project's net present value will be higher when cash flows are received earlier. The project with the earliest expected cash flow is Project Z, because $5,000 is received in the first year. The project with the next earliest expected cash flow is Project Y, because the cash flows are received somewhat evenly throughout the project. The project with the latest expected cash flow is Project X, because cash flow in Year 0 is zero, and the largest cash flow is not received until the final year of the project. Therefore, the ranking in descending order of Net Present Value is Z, Y, X.
Given that the investment in each of the projects is the same, the cost of capital is the same for all of the projects, and the total cash flow received from all of the projects is the same, the only variable is the timing of the receipt of cash flows. All other things being equal, a project's net present value will be higher when cash flows are received earlier. This ranking does not represent a ranking according to the earliest cash flow receipt. (Note: no calculations are required to answer this question.)