2 pts D Question 28 Zak is the assistant regional manager of In-N-Out Burger. Management has asked for a recommendation to expand into Colorado. He calculates the following NPV / IRR for each location, assuming a WACC of 10%: City NPV IRR Denver 6.1 12.2% Springs -3.7 8.2% Pueblo 41.0 31.5% Ft. Collins 41.9 34.6% If management says the project choice is INDEPENDENT, which locations should he select? O Ft. Collins, Pueblo, and Denver. All of these locations have positive Net Present Value (NPV), Springs. Negative Net Present Value (NPV). All of the locations. All of these locations have a positive Internal Rate of Return (IRR), Pueblo. Second Highest NPV and IRR Denver. Largest population in Colorado