Strategic decision makers are required to be able to evaluate
800–1,000 wordsStrategic decision makers are required to be able to evaluate projects based on the long-term objectives of the firm as well as the project’s ability to earn the company additional compensation. The 3 main tools used to make this evaluation are the pay-back period, net present value (NPV), and internal rate of return (IRR).Year Project #1 Project #2 Project #3 0 ($30,000) ($32,000) ($35,000) […]