As a leader of your hospital you have been presented with three projects for consideration, they each have approximately the same capital expenditure request, and you have the capital resources for only one of these projects.

1. New primary Care office $1,100,000 request NPV 12%

2. New DaVinci Robot $1,300,000 request NPV 11%

3. Remodel of Med/Surg Beds $1,200,000 request NPV 5%

Which project do you approve? Why? What other factors, other than finance should you use in this decision-making process? Why are they critical in the decision?.