Hab systems wants to replace their existing machinery and is considering two mutually exclussive projects $.$Project Delit and project sonet $.$ Details are as follows $]$

years project Delit PROJECT SONET

$0-1500,000-1,300,000$

$15000003450000$

$2300,000570,000$

$3425,000360,000$

$4650,000720,0000$

$5585,000489,000$

You have been asked to analys the project and submit a report to CFO $,$ Assume cost of the capital as $15\%.$List and discuss the techniques of capital budgeting which can be applied to nalaysys these project $?$Would you suggest time adjusted techniques or otherwise give reasons $?2)$ Evaluvate the payback period of the two projects $3)$ Apply the time adjusted techniques and comapare the results of the two projects $4)$ Which of them should be taken up by the managment and why $?$