Suppose you are a financial manager and you have the following information on two projects:
|Project Alpha||Project Beta|
|IRR (required rate of return is 10%)||12.4%||10.6%|
|Payback Period||6 years||2 years|
The best choice is Project Alpha. The net present value and the internal rate of return look like they would make the decision easy for financial managers.
1) What about the economic state of the country at the time?
2) Do you think that it would have any effect on choosing one project over the other?
3) Do you think there are any other circumstances where Project Beta would be a better choice though?
Your document should be about 150 words in APA writing style.