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The Hotel Conneaut is considering 3 the following capital budgeting projects. The Hotel Conneaut has...

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Finance

The Hotel Conneaut is considering 3 the following capital budgeting projects.

The Hotel Conneaut has an internal fund for project one with $10,000. However, the 2

other projects would required new capital financing.

1. A new computer and software system for $10,000 with a 5 year life and an

estimated return of 16%

2. The construction of a new deck and seating area for $8,000 also with a 5 year life and

an estimated return of 12%

3. Lastly the purchase of a more effieicent self contained fryer system for $5,000 with a

life of 4 years and an estimated return of 10%

Which projects should they undertake?

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