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Project Selection question

Based on yuor market analysis you have obtained the following info:

Delhi - IRR (45%), payback period (1.5 yrs)

Mumbai - IRR (32%), payback period (1.1 yrs)

Chennai - IRR ( 36%) , payback period (0.75 yrs)

Based on this data, which area is best to estabish your company?

a) Chennai, since the payback period is the shortest.

b) Mumbai, since the IRR is the lowest

c) Delhi, since the IRR is the highest.

d) Delhi, since the pay back period is the longest

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