Jason is considering engaging in part$-$time work as an Uber driver, but he requires an initialinvestment in a vehicle. Following thorough market research, he has identified two potentialoptions:Choice A: Purchase a pre$-$owned $2000$ Chevron car valued at $$3000.$ The intended usage is for $6$months. Jason anticipates a monthly net income of $$600,$ factoring in fuel costs. The discountrate is projected $5\%$ per month due to depreciation and inflation.Choice B: Acquire a new electric bicycle for $$2000.$ However, this alternative may result inreduced delivery speed. Similar to the car, Jason intends to use the bicycle for $6$ months andanticipates a monthly net income of $$420.$ The discount rate is projected $4\%$ per month due todepreciation and inflation.Questions:$1.$ Determine the Net Present Value $($NPV$)$ and Internal Rate of Return $($IRR$)$ for bothoptions using an Excel spreadsheet$\mathrm{.}2.$ Based on the calculations, select the preferred option for Jason and provide reasoningfor the choice$\mathrm{.}3.$ Assess whether the two options are independent projects or mutually exclusiveprojects. Identify any potential conflicts between NPV and IRR, and determine the morereliable evaluation method. Include references where appropriate.