Organizations have limited resources whether financial, workforce, the urgency of time constraints, or the combination of all three to get their products or services to the market. We learned how firms develop priority systems or guidelines and selection$/$screening models that help them make the best choices within the usual constraints of time and money. Money is a crucial resource that needs to be managed effectively.Review the solved problems at the end of chapter $3$ and apply them to the following problems:Problem I $-$ Discounted Payback. Your company is considering a high$-$risk project that could yield strong revenues but will involve a significant up$-$front investment. Because of this risk, top management is naturally concerned about how long it is likely to take to pay off that investment so that they can begin to realize profits.This project will require an investment of $$200,000$ and your five$-$year projection for inflows is: Year $1$ $$50,000,$ Year $2$ $$75,000,$ Year $3$ $$125,000,$ Year $4$ $$200,000,$ and Year $5$ $$250,000.$Your firms required rate of return is $18\%.$ How long will it take to pay back your initial investment?Problem II Net Present Value. Assume that your firm wants to choose between two project options:Project A: $$500,000$ invested today will yield an expected income stream of $$150,000$ per year for five years, starting in Year $1.$Project B: an initial investment of $$400,000$ is expected to produce this revenue stream: Year $1=0,$ Year $2=$ $$50,000,$ Year $3=$ $$200,000,$ Year $4=$ $$300,000,$ and Year $5=$ $$200,000.$Assume that a required rate of return for your company is $10\%$ and that inflation is expected to remain steady at $3\%$ for the life of the project. Which is the better investment? Why?Your response must follow the solution format presented in the textbook$/$PowerPoint lecture. You must state the assumptions and create a table to clearly show the solutions.Please provide a conclusion for the decision recommendation.The grading assessment will include the formatting, clarity, and professional presentation of your work. See the formatting guidelines from the week $2$ assignment