Project selection method
Your project selection committee is meeting later this week and is considering a. Initiating one of two projects. They?ve asked you to recommend the project that will benefit the organization the most. The information you?ve gathered shows the initial investment for Project 1 is $295,000. Monthly cash inflows for the first year are $17,000, and expected cash inflows beginning in year 2 are $36,000 per quarter. Project 2 has an initial investment of $332,000. Expected quarterly inflows for the first year are $44,000.
