Question

You are the head of the project selection team at SIMSOX. Your team is considering three different projects. Based on past history, SIMSOX expects at least a rate of return of 20 percent. Given the following information for each project, which one should be SIMSOX's first priority? Should SIMSOX fund any of the other projects? If so, what should be the order of priority based on return on investment

Answer 1

To determine the first priority project for SIMSOX, compare the rate of return for each project. If any other projects also meet or exceed SIMSOX's expectation, they can be funded in order of priority based on ROI.

Step-by-step explanation:

In order to determine the first priority project for SIMSOX, we need to compare the rate of return for each project. The project with the highest rate of return should be the first priority. If any other projects also have a rate of return that meets or exceeds SIMSOX's expectation of 20 percent, they can be funded as well, but in order of priority based on return on investment.

Unfortunately, the specific projects and their rates of return are not provided in the question. If you provide that information, I would be happy to help you determine SIMSOX's first priority project and the order of priority for the other projects.