Recording Project: Time Fades Away Recording Project: On the Beach Recording Project: Tonight's the Night You are the head of the project selection team at Broken Arrow Records. Your team is considering three different recording projects. Based on past history, Broken Arrow expects at least a rate of return of 20 percent. Given the following information for each project, which one should be Broken Arrow's first priority? Should Broken Arrow fund any of the other projects? if so, what should be the order of priority based on return on investment? NPVES(CASH FLOW IN YEAR/(2+DISCOUNT RATE) NYEAR) - INITLLL INVESTMENT NPV times fade awaye Recording Project: Time Fades Away