Sky Fly, Inc is a fast growing drone manufacturer. The annual rate of return of Sky Fly’s stock has been 20% over the past few years. Company managers believe 20% is a good estimate for the firms’ cost of capital. Sky Fly’s CEO, Dane Cooper, believes the company needs to continue to invest in projects that offer the highest possible returns. Currently, the company is reviewing two separate projects. Project E involves expanding production capacity. Project I involves introducing one of the firms’ drones into a new market. The following table shows the projected cash flows for each project.

Year        E                          I
0    -3,500,000    -500,000
1    1,500,000    250,000
2    2,000,000    350,000
3    2,500,000    375,000
4    2,750,000    425,000
Discuss

Calculate the NPV, IRR, and PI for both projects.
Rank the projects based on their NPV, IRR, and PI.
The firm can only afford to take on one investment.
Which project will the CEO likely favor?
What do you think the company should do?
Explain your answers.

In no less than a five paragraph essay (typed, double-spaced, utilizing MLA citation) discuss EITHER one of the revolutionary thinkers we’ve covered or another, not covered in this syllabus (e.g. Che, Mandela, Romero, de Beauvoir). Instead of summarizing their writing and philosophy, discuss the revolutionary in terms of their impact on the present–how is our lived experience in 2017 different because of this philosopher? Be sure to use your own words and to cite sources