if possible in excel please and thank you

Cleveland Corporation is a relatwely young company that has enjoyed great financial success and a very strong growh paltem. However, Cleveland's management reafizes that the company has outgrown its "seat of the pants" management style, and must start to develop more sophisticated means of analyzing financial decisions. For example, the company is currently considering two projects, both of which cost the same and, over a 5-year life, will retum the same amount of income to the company. To aid in choosing between these projects, the CFO has asked for an Excel model that can determine each project's net present value, profftability index, payback period, and intemal rate of retum, based on the project's cash flow projections. Your job is to develop a program that can analyze these projects, but that is also flexible enough to handle other projects with a variety of lives, cash flow patterns, and hurdle rates. Following are the specifics regarding the projects currently under consideration: Prolect 1: This project would require an initial investment of $800,000 to replace current equipment with newer technology. The replaced equipment could be sold immediately for $100,000. The new equipment is expected to generate incremental revenues of $400,000 and incremental costs of $200,000 annually. It would also require a major overhaul at the end of 3 years, at a cost of $60,000. The equipment is expected to last for 5 years, and to have no salvage value at that time. This project would require working capital of $50,000 initially. Project 2: The Initial investment for Project 2 would also be $800,000, and the project is expected to last 5 years. This would be a new venture for Cleveland, so no existing equipment would be sold. Because it is a new business, revenues are expected to grow from $200,000 in year 1, to $300,000 in year 2 , to $500,000 annualy in years 3 through 5 . Likewise, costs are estimated at $100,000 in year 1 . $150,000 in year 2 , and $250,000 annually in years 3 through 5 . The equipment is expected to have a salvage value of $50,000 at the end of 5 years. Hurdle Rate: The company believes that a hurdle rate of 6% is appropriate for both these projects. You will be expected to do the following: - Refer to the formula in the "Template" worksheet and Complete by placing formulas in every cell in "She containing a "?". These celis cannot contain any hard-coded numbers! Al project-specific data used in a formula must be referenced from the shaded input area. Use your program to analyze only Project 1. In the worksheet labeled "Evaluation," complete the summary measures for each project, and prepare a brief evaluation of the relative benefits of the two projects, including which one (f either) the company should approve. Be sure to include a briof explanation for the CEO, who is sure to ask why two projects with the same cost and the same benefits are not identical when ovaluated using your model. Project Summaries: Net (undiscounted) cash flows Project 1 Net present value Payback period Profitability index: Internal rate of return: Recommendation