Based on these numbers, Dave believes that the best approach to make the decision is the NPV approach. However, Eva is not so sure that ignoring the other metrics is a good idea. Which of the approaches or metrics would you propose? In other words, would you prefer one or more of these approaches over the others? Explain why.

Briefly state the limitations of the approach you used in making this decision, and outline what further analysis you would recommend

Metrics	Project A	Project B
Payback period (in years)	3.15	1.38
Discounted payback period (in years)	3.98	1.79
Net Present Value (NPV)	$612,847.22	$596,206.28
Internal Rate of Return (IRR)	35.93%	55.07%
Profitability Index	1.61	1.66
Modified Internal Rate of Return (MIRR)	32.04%	32.84%