Project sponsors have provided the following estimated cash flow projections: Project A Project B Project C Year Outflow Inflow Netflow Outflow Inflow Netflow Outflow Inflow Netflow 0 150,000 150,000 150,000 150,000 200,000 200,000 1 20,000 20,000 130,000 40,000 90,000 150,000 -150,000 2 30,000 30,000 50,000 50,000 90,000 90,000 3 40,000 40,000 60,000 60,000 100,000 100,000 4 40,000 40,000 90,000 90,000 110,000 110,000 5 50,000 50,000 90,000 90,000 120,000 120,000 The company has not yet decided how the selected project will be financed. The cost of capital or hurdle rate will vary depending upon how the company decides to finance the project. You decide to compare projects in three areas: (1) payback period (not considering the cost of capital); NPV sensitivity (see note 1 below); and (3) Internal Rate of Return (IRR). Conduct each analysis and interpret the results. You must make as complete a recommendation as possible so that the board understands the financial implications of whatever decision they make. Based on your analysis, what would you recommend to the review board and why? Your recommendation must be based on the combination of all three factors (payback period, IRR, and NPV sensitivity). Show all calculations supporting your recommendation. Calculate NPV to the nearest dollar, IRR to three decimal places, and payback period to one decimal place. For uniformity, please use 5%, 10% 8: 15% as the 3 discount rates