Your boss is comparing 3 independent projects with the following characteristics:

	Project #1	Project #2	Project #3
Net Present Value	–$250	–$310	–$280
Internal Rate of Return	12.53%	11.03%	8.09%
Profitability Index	0.50	0.80	0.96
Payback period	4.5 years	4.5 years	2.6 years

The required payback period is 5 years, and the required return is 12.8%.

QUESTION: Based on all of the above information, which project would you recommend your boss to accept?

Answer rating: 100% (QA)

To determine which project to recommend we need to evaluate each project based on the given criteria ... View the full answer