Suppose you were evaluating three projects: Project X, Project Y and Project Z. After performing Payback, Net Present Value and Internal Rate of Return analyses, you obtained the following:

	Project X	Project Y	Project Z
payback	4.5 years	5.1 years	4.5 years
NPV	3,211	3,434	3,212
IRR	7.27%	6.87%	7.26%

Which Project would you suggest to management for undertaking? If you aren't comfortable making a recommendation now, what else might you do to help you decide?