Allied Tech is evaluating two exclusive projects, Project E and Project F.

Project Cash Flows and IRR:

Project	C0 ($ thousands)	C1 ($ thousands)	C2 ($ thousands)	IRR (%)
E	-60	25	35	19.00
F	-70	30	40	18.00

The company's required rate of return is 9%.

Requirements:

1. Discuss why IRR might not give a clear indication of the best project.
2. Calculate the Payback Period for each project.
3. Determine which project is preferable based on the Payback Period.
4. Propose additional metrics that should be considered for a comprehensive analysis.