3 of a new steel bending machine that will have a payback of 4 years, NPV of $21,500 and an You have been asked to evaluate two independent projects for your company. One is deciding on the purchase payback of 4 years, NPV of $25,500 and an IRR of 8.5%. The second project is a new printer purchase that will have a IRR of 8.9%. The company has a required rate of return of 7.5%. How would you best communicate your decision to proceed?