As a marketing manager, you need to decide on the projects to invest in $2024.$ You have a number of project alternatives and you have to decide which one to move forward with and present it to the CEO.

You use a combination of Net Present Value, IRR and payback period to determine. Your CFO has set a required rate of return of $15\%$ for all new projects. Select the projects to suggest, and prepare a sensitivity analysis for the NPV of the selected projects $($from $10\%$ to $20\%)$

Project Investment Net Annual Cash Flow Life of Project

$1$ $$1,000,000\mathrm{.}00$ given below $6$ years

$2$ $$1,200,000\mathrm{.}00$ given below $3$ years

$3$ $$2,000,000\mathrm{.}00$ given below $8$ years

$4$ $$1,250,000\mathrm{.}00$ given below $6$ years