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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 $596,206 Internal

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 $596,206

Internal Rate of Return (IRR) 35.93% 55.07%

Profitability Index 1.61 1.66

From the information above, which project should a company choose according to the metrics result? and explain why?

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