can you provide your initial thoughts on which project you would recommend and why in Memo Format

Capital Expenditure Data for Simms Cost of Capital 20% Plant Expansion Product Introduction Initial Investment ($3,500,000) ($500,000) Cash Inflows Year 1 Year2 Year 3 Year 4 Year 5 1,500,000 2,000,000 2,500,000 2,750,000 $250,000 350,000 375,000 425,000 NPV $1,911,844.14 $373,360.34 Capital Expenditure Data for Target Cost of Capital 20% Plant Expansion Product Introduction Initial Investment ($3,500,000) ($500,000) Cash Inflows Year 1 Year2 Year 3 Year 4 1,500,000 2,000,000 2,500,000 2,750,000 $250,000 350,000 375,000 425,000 IRR 43.7% 52.3% Capital Expenditure Data for Simms Cost of Capital 20% Plant Expansion Product Introduction Initial Investment ($3,500,000) ($500,000) Cash Inflows Year 1 Year2 Year 3 Year 4 1,500,000 2,000,000 2,500,000 2,750,000 $250,000 350,000 375,000 425,000 NPV $1,911,844.14 $373,360.34 1.55 1.75