The senior VP in charge of your area asked you to recommend the purchase of a new, expensive asset for the firm. You assemble a team to help you. Your goal is to find the three top options for solving the problem, estimate the cash improvements /inflows (in terms of cash coming in or cost savings) and cash decrements/outflows (cash outflows with the purchase/ use of the asset). 1. Describe the problem and how it can be resolved. (Company needs an ERP computer system) 2. Determine three options that can solve the problem. (Oracle, SalesForce, SAP) 3. Estimate realistic cash flows associated with three different options in purchasing the asset. Use Google to help you find estimates. 4. Compute the following for each alternative: a. Payback b. Accounting Rate of Return c. Net Present Value (10% hurdle rate) d. Internal Rate of Return e. Profitability Index 5. Create a ranking chart to show how the three alternatives rank on each of the four measures (excluding ARR) something like is shown below to see which alternative seems to be the best among the four measures.