Q2: You are to present a proposed capital investment project to your board of directors. The project has a NPV of $12,000 and an IRR of 12%. The firm's required return is 10%. You are to convey your proposal to the board in a single paragraph.

Remember, your job is to convince the board to either accept or reject the project, whichever you feel is appropriate given this information. Use your critical thinking skill and list down 3 discussion points in a paragraph (300 words)