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Given these proposed projects with their associated NPVs and IRRs: Project X Project Y Project Z NPV $588 $1951 $1,015 IRR 19.1% 15.2% 15.9% Using

Given these proposed projects with their associated NPVs and IRRs:

Project X Project Y Project Z

NPV $588 $1951 $1,015

IRR 19.1% 15.2% 15.9%

Using NPV, rank the projects.

Using IRR, rank the projects.

Ultimately, which project should be given top priority? Explain why you chose the project you did.

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