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You are given 2 choices and a budget of $50,000. WACC 8%. Determine which you would choose using the below.

Choice 1(expansion)ii $50,000Choice 2(efficiency)ii40,000

Net OCF so no need to calculate anything-these are net

yr 115,000 12,000

yr 230,000 24,000

yr 315,000 12,000

Choice 1 has a NPV and IRR of [ fill in ].

Choice 2 has a NPV and IRR of (fill in).

I would choose option ____ because.fill in with 20 words or less.