You are the project manager for the Late Night Smooth Jazz Club chain, with stores in 12 states. Smooth Jazz is considering opening a new?

club in Kansas City or Spokane. You have derived the following information:

Project Kansas City: The payback period is months, and the IRR is percent.

Project Spokane: The payback period is months, and the IRR is percent.

Which project should you recommend to the selection committee?

A. Project Kansas City, because the IRR is the highest

B. Project Kansas City, because the payback period is the longest

C. Project Spokane, because the IRR is the lowest