A company has created a strategic plan that requires new capital investment. The company has a 9.8% required rate of return and an 8.3% cost of capital. The company currently has a return of 10% on...

A company has created a strategic plan that requires new capital investment. The company has a 9.8% required rate of return and an 8.3% cost of capital. The company currently has a return of 10% on its other investments. The proposed new investments have equal annual cash inflows expected. Management used a screening procedure of calculating a payback period for potential investments and annual cash flows, and the IRR for the 7 possible investments are shown. Each investment has a 6-year expected useful life and no salvage value.

Payback Period     IRR     Investment

A 4.2                    10.5       130000

B 5.9                     5.1          67000

C 5.0               13.4            83000

D 4.8                7.4             61000

E 3.2             12.1              115000

F 4.0               9.9             65000

G 6.3              9.8           76000

Identify which project(s) is/are unacceptable and briefly state the conceptual justification as to why each of your choices is unacceptable.
Assume the company had $330,000 available to spend. Which remaining projects should be invested in and in what order?