******Please answer all Questions as paragraph and Don't forget the references********

The controller at Ranyah Corporation analyzed a proposed equipment purchase for the firm and decided that the investment met all the firms criteria regarding payback, net present value, and internal rate of return. Notwithstanding the positive results, top management decided to reject purchase of the machine. Elaborate on why a firm might reject a project even though it satisfies all the capital budgeting analyses.

make sure that the Solution is between 2 - 4 paragraphs