Taking the excel file from the class. Explain step by step how to develop the financial justification for a project.

2023 2024 2025 2027 2029 JUSTIFICACION DE PROYECTO Year 2021 2022 Inversion $ 81,150 $ 37,942 $ Gastos $ 6,256 2026 $ 2028 $ $ $ $ Ahorros $ 49,464 $ 49,464 $ 49,464 $ 49,464 $ 49,464 $ 49,464 $ 49,464 $ 49,464 $ 49,464 1.00 0.77 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Pay back 1.77 years Payback Period Internal Rate of Return If IRR > 33% is Justifiable 57% YES IRR= (Ahorros - Gastos)/Inversion IRR = 1/ Payback Justifiable 2023 2024 2025 2027 2029 JUSTIFICACION DE PROYECTO Year 2021 2022 Inversion $ 81,150 $ 37,942 $ Gastos $ 6,256 2026 $ 2028 $ $ $ $ Ahorros $ 49,464 $ 49,464 $ 49,464 $ 49,464 $ 49,464 $ 49,464 $ 49,464 $ 49,464 $ 49,464 1.00 0.77 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Pay back 1.77 years Payback Period Internal Rate of Return If IRR > 33% is Justifiable 57% YES IRR= (Ahorros - Gastos)/Inversion IRR = 1/ Payback Justifiable