Draw an overall conclusion as to whether, based on the 3 methods( NPV, ARR, PP), you would recommend the client go with option 1 or option 2? Provide a brief justification for your recommendation.

So if you pick only one decision making rule only one which rule is the deciding factor? ARR? NPV or PP? There is a reason why we use only one decision rule over all the others, and only one..which one is that and why? You should mention this??

Method Option 1 - Option 2- Investment Savings Account Winery Business 15.8% 12.4% Accounting Rate of Retum Payback Period 10 years 6.8 years Net Present Value $132,684 $81,482 $800,000 Initial Outlay $300,000