The management team of Ogopogo Ltd. has the following potential projects available to its production business PROJECT #1 New feeder machine Cost $180,000 Cost savings per year $55,000 Life of machine 5 years Salvage $10,000 Project #2- New packaging machine Cost $100,000 Cost savings per year $32,000 Life of machine 5 years Salvage $20,000 Project #3 New processing line Cost Cost savings per year Life of machine Salvage $200,000 $60,000 5 years $0 Ogopogo has alternate investments that earn 15%. REQUIRED: PART 1 To help management decide on its capital budgeting planning for next year, you have been asked to provide guidance as to prioritizing the projects. Provide the following: DELL o has dit ED: ents that earn 15%. management decide on its capital budgeting planning for next year, you have been asked to guidance as to prioritizing the projects. Provide the following: PV for each project (6 marks) ofitability index for each project (3 marks) der of priority for the projects (2 marks) ate the simple payback in years for each project. Ignore salvage values (3 marks) Fr T:-> i- B I QUIRED: 11 help management decide on its capital budgeting planning for next year, you have been asked to