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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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