For a project among several proposals following three proposals have been qualified for

financial analysis.

In the first proposal, the net cash inflow is expected to be $70, $70, $90, $95 and $100
thousand in the next 2 to 6 years, respectively. Required initial investment is $300
thousand to implement the project.

In the second proposal required initial investment is $270 thousand. The expected net
cash inflow will be $60, $70, $75, $85 and $90 thousand in the next five years.

In the third proposal net cash flows are $70, $75, $85, $100, $105, and $60 in the next
six years. Required initial investment is $340 thousand to implement the project.

If interest rate is 10%, conduct discounted cash flow calculation to determine the
accepted proposal. What is the repayment plan with the selected one?