One of the largest components in healthcare finance is understanding "return on investment" of a project and the Internal Rate of Return (IRR) of a project. In obtaining approval for a project, you may need to go to your finance committee to seek this approval. What is the difference between these two methods, and what how would you explain them to your CEO to best prepare him or her for a conversation with the Chairperson before the board meeting?

For this assignment, please compare and contrast the two methods and how they would be explained to your CEO? Please present in a concise memo your talking points to your CEO as to the differences in approach.

Use adhoc numbers if needed to prove your point, but a descriptor of the approach is most important.

Feel free to be creative with your style of delivery. CEOs are typically not finance types, so careful consideration as to how to best articulate your message will be important.