From the e-Activity analyze the reasons why the short-term project that you have chosen might be ranked higher under the NPV criterion if the cost of capital is high while the long-term project might be deemed better if the cost of capital is low. Determine whether or not changes in the cost of capital could ever cause a change in the internal rate of return (IRR) ranking of two (2).* From the scenario take a position for or against TFC’s decision to expand to the West Coast. Provide a rationale for your response in which you cite at least two (2) capital budgeting techniques (e.g. NPV IRR Payback Period etc.) that you used to arrive at your decision.
