Corry Energy has three separate investment choices with a 9% corporate hurdle rate and $6 million to apply to capital investments in 2016. Choice 1 is to buy a lease on a wood burning electricity generating plant for $2 million that could be used to provide power to an already identified municipality generating net cash flows of $625,000 per year for five years, paid at the end of each year. After five years, the plant will need to be de-commissioned at a cost of $175,000. Choice 2 is to purchase already functioning wind turbines at a cost of $500,000 per turbine. These can each generate incremental annual cash flows of $120,000 per year for the next seven years, after which the turbines can be sold for scrap at $50,000 each. Choice 3 is to refurbish an existing coal burning plant at a cost of $3 million. This will generate additional cash flows of $450,000 per year for seven years, after which time the plant will revert to its current financial performance levels. How should Corry Energy proceed and why?