2. It would be better and more accurate if we used quantitative methods like Net Present Value, Payback Period, Discounted Payback Period, Internal Rate of Return, Average Accounting Return, or Profitability Index.
a. Net Present Value:
Rank 1st 2nd 3rd 4th 5th 6th 7th 8th
Project 3 4 8 7 5 1 6 2
NPV 393.92 228.22 182.98 165.04 129.70 73.09 0.00 -85.45