Why does the net present value method favor larger projects over smaller ones when used to choose

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Why does the net present value method favor larger projects over smaller ones when used to choose between mutually exclusive projects? Is this a problem?
Net Present Value
What is NPV? The net present value is an important tool for capital budgeting decision to assess that an investment in a project is worthwhile or not? The net present value of a project is calculated before taking up the investment decision at...
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Fundamentals Of Financial Management

ISBN: 9780273713630

13th Revised Edition

Authors: James Van Horne, John Wachowicz

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