If we are evaluating two similar projects
project A has:
NPV $11,000
IRR %16.2
PB 3.4
DPB 3.95
PI 1.04
project B has:
NPV $3,400
IRR %19.5
PB 2.5
DPB 3.43
PI 1.09
Question: which project should I choose and why?
(From what I know NPV is the best investment appraisa, but in this case do I choose A just because it has higher NPV or project B that has better values for all other criterion?)