IRR Min IRR Spread

Strategic Acquisition 27.5% 12.0% 15.5% ###

Inventory Control System 16.2% 8.0% 8.2% ###
Southward Expansion 21.4% 12.0% 9.4% 78.3%
Artificial Sweetener 20.5% 12.0% 8.5% 70.8%
Eastward Expansion 18.8% 12.0% 6.8% 56.7%
New Plant (Dijon France) 11.3% 10.0% 1.3% 13.0%
Expanded Plant (Nuremberg, Germany) 11.2% 10.0% 1.2% 12.0%
Snack Foods 13.4% 12.0% 1.4% 11.7%
Automation and Conveyer Systems 8.7% 8.0% 0.7% 8.8%
Expand Truck Fleet 7.8% 8.0% -0.2% -2.5%

EQUIV
Strategic Acquisition -0.04
Inventory Control System 0.46
Southward Expansion 0.13
Artificial Sweetener 0.32
Eastward Expansion 0.09
New Plant (Dijon France) 2.63
Expanded Plant (Nuremberg, Germany) 1.88
Snack Foods 1.94
Automation and Conveyer Systems 1.03
Expand Truck Fleet 10.56

Artificial Sweetener 3
Artificial Sweetener 6
Artificial Sweetener 4 4.3333333333 Artificial Sweetener
Automation and Conveyer Systems 9
Automation and Conveyer Systems 1
Automation and Conveyer Systems 9 6.3333333333 Automation and Conveyer Systems
Eastward Expansion 4
Eastward Expansion 10
Eastward Expansion 5 6.3333333333 Eastward Expansion
Expand Truck Fleet 10
Expand Truck Fleet 5
Expand Truck Fleet 10 8.3333333333 Expand Truck Fleet
Expanded Plant (Nuremberg, Germany) 8
Expanded Plant (Nuremberg, Germany) 3
Expanded Plant (Nuremberg, Germany) 7 6 Expanded Plant (Nuremberg, Germany)
Inventory Control System 5
Inventory Control System 7
Inventory Control System 2 4.6666666667 Inventory Control System
New Plant (Dijon France) 6
New Plant (Dijon France) 2
New Plant (Dijon France) 6 4.6666666667 New Plant (Dijon France)
Snack Foods 7
Snack Foods 4
Snack Foods 8 6.3333333333 Snack Foods
Southward Expansion 2
Southward Expansion 8
Southward Expansion 3 4.3333333333 Southward Expansion
Strategic Acquisition 1
Strategic Acquisition 9
Strategic Acquisition 1 3.6666666667 Strategic Acquisition

Strategic Acquisition 1
Artificial Sweetener 2
Southward Expansion 3
Inventory Control System 4
New Plant (Dijon France) 5
Expanded Plant (Nuremberg, Germany) 6
Automation and Conveyer Systems 7
Eastward Expansion 8
Snack Foods 9
Expand Truck Fleet 10
 Payback Max. Payback Spread
Automation and Conveyer Systems 3 4 1 25%
New Plant (Dijon France) 5 6 1 17%
Expanded Plant (Nuremberg, Germany) 5 6 1 17%
Snack Foods 5 6 1 17%
Expand Truck Fleet 5 6 1 17%
Artificial Sweetener 7 6 -1 -17%
Inventory Control System 6 5 -1 -20%
Southward Expansion 6 5 -1 -20%
Strategic Acquisition 6 4 -2 -50%
Eastward Expansion 6 4 -2 -50%

Conveyer Systems

(Nuremberg, Germany)