You are leading a committee deciding which capital improvement project to fund in the factory. You have been directed by corporate management that when you choose a project that you consider certain factors. The strategio plan is focused on improving capacity and quality, so the project you choose should focus on one of those areas. Management is willing to fund a project up to $1million. There are three performance measures that will be used to select the project: payback period (lower is better). retum on investment (higher is better), and impact index (higher is better). The committee decides to weight the performance measures: payback period - 5 , return on investment - 8 , and impact index - 4. Cligh Sape and Submair fo socve and submir, CYick Sawe Ail Anacvers fo saie all ansiders. 1. What is the objective of this decision making process? The answer will be one of the choices in the parenthesis (measure performance, choose a project to fund, save cost, improve quality, or make a strategic plan) 2. Use the formal decision making process. For the step "Remove ineligible projects", which project(s) do you remove? (show your answer in the format of XYZ if vou consider project x,y, and z should be removed) 3. Use the formal decision making process. For the step "c eri he score", in a 10-point scale, what score will you assign to Payback for Project C? (Assume the scores of ALL projects are required to be convered) 4. Use the formal decision making process. For the step "Calculate the weighted score", what is your weighted score of Project C? (Please provide your answer with two decimal places) 5. What project would your committee select? (simply put an alphabet)