3. (15 points) You are a senior manager at Poeing Aircraft authorized to spend up an ave been you are considering to $200 million for projects. The three projects that have the following characteristics: Project A: Initial Investment of $150 m. Cash flow of $50 m. at year 1 and S100 m at year 2. This is plant expansion project, where the required rate of return is 10% Project B: Initial Investment of $200 m. Cash flow of $200 m at year 1 and $100 m. at year 2. his is new product development project, where the required rate of return is 20% Project C: Initial Investment of S100 m. Cash Flow of s100 m. at year 1 and $100 m. at year 2. his is a market expansion project and the required rate of return is 20% Assume that corporate discount rate is 10%. Please offer your recommenda- tions for the projects choice backed up by your analysis. Specifically, for each project, find its NPV, PI, Payback, and IRR. When computing IRR, please also do the IRR on incremental cash flows (if it is needed in your opinion). Say