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NPV & IRR and outcomes

Hi,

I need to write a paragraph or two explaining/recommending  a company to move forward or not with a refurbishment of a former mill building so the company can expand their manufacturing business. Would you recommend that the company move forward with this project based on the NPV & IRR and outcomes? Why or why not? 

NPV= 16.88Million

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IRR= 20.35%

WACC= 11.56%

Consider any qualitative aspects of the decision as well. Provide a response with quantitative details which will be presented for consideration at the next executive board meeting. 

 
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