Explain the time value of money principle and indicate how it may be applied to project selection.Suppose your firm has an opportunity to invest GH 50,000 Ghana cities in one of two new projects into brackets CISO MIM close brackets if your fans expected interest rate is 12% and cash flow are as estimated in the table belowproject CIS project MIMcopy and complete the table with the communitive cash flow discounts factors and discount amounts. state and explain which of the two projects would be chosen if you use the discounted payback period.State and explain which of the two projects would your choose under the net present value method of financial analysis.explain one advantage of using the NPV instead of discounted Payback in project selection.