ATM Corporation is a candy producer. Candy sales have slowed. ATMs stock hasperformed poorly versus the S&P 500 benchmark. The market return is expectedto be 9%. The risk-free rate is 2%. The CFO has been presented with 2 projects.The first is a product redesign of current chocolate in the form of a new heartshaped chocolate. The second is a new chocolate covered plant-based meatcandy called Yucky! The heart shaped chocolate product is expected to havesales of 1,000,000 in year 1. Sales are forecast to grow 20% per year for the next7 years before the product life cycle ends. Net profit margin will be 20% per year.The net cash flow each year will be the same as the net profit each year. Theinitial investment needed is $1,200,000. The Yucky product is expected to havesales of $700,000 in year 1. Yucky sales are forecast to grow 50% per year for thenext 7 years before the product life cycle ends. Net profit margin will be 25% peryear. The net cash flow each year will be the same as the net profit each year.The initial investment needed is $1,500,000. No debt will be used to fund theprojects. Regression analysis shows a beta of 1.77 for Beyond Meat and a beta of.76 for Hershey. Compute the Net Present Value, Internal Rate of Return, Paybackand Payback Period for each project. Briefly interpret the results.