3. Choosing Between Innovation Projects. Consider the following three innovation projects: Project 1: invest $100 now in R\&D and get back $60 in one year, $75 in two years, and $90 in three Project 2: invest $50 now in R&D and get back $30 in each of the next three years Project 3: invest $25 now in R\&D and get back $10 in one year, $25 in two years, and $50 in three (a) If the annual interest rate is 10%, which of the three projects looks like a profitable line of research and development? (b) Which of the three projects should you prioritize? In other words, rank them according to their priority and explain your ranking