There are two machine learning projects available to the Chief Information Officer (CIO). The IBM project requires a $10 million dollar investment today followed by $1.8 milion of ongoing support costs aver 4 years (assume end of year cash flows). The Google project requires a $11.5 million dollar investment today followed by $1.5 million of ongoing support costs over S years (assume end of year cash flows). Assuming that each project can be renewed again at the same costs for the same time period, which project should the CIO pick? The discount rate is 15%. Draw a timeline diagram to show the cash flows. What is the payback period for each project if they both support the same annual operating cash inflow of $10 million (assume end of year cash flows?