Criteria Investment X InvestmentY
NPV R44 000 −R22 000
PI 1,945 0,071
IRR 16,00% 8,04%
Which investment(s) should you choose, taking all the above criteria into consideration, if the cost of capital is equal to 12% per year?  X  Y  Both X and Y  Neither X nor Y  Too little information to make a decision
In this case, the project X has more NPV and IRR and we choose the project X.