You are the head of project selection for Broken Arrow Records (BAR). Your team is considering three new projects, each with a unique sound and style. Based on past history, management requires a 20% rate of return. Additionally, they have allocated $1 million toward the production of these albums. Finally, management wants you to find new talent without taking risks. So give the following weights to projects; New Artist = 10, Risk = 6, Genre = 3, Diversity = 2 Given the following information about each project, prioritize each project. That is, put them in order of which BAR should do first, second, and third; money permitting, of course. Note: You will use the Project Selection Matrix, the Payback Period, and the NPV to make your decision, 1. Project: Time Fade Away New Artist: 10 Risk: -10 Genre: 7 Diversity: 3 Year Investment Revenue 0 S000.000.00 50.00 ! 50.00 500.000,00 2 $0.00 $75,000.00 3 $0.00 $20,000.00 4 S0.00 $15,000.00 5 $0.00 $10,000.00 2. Project: Tears in the Rain New Artist: 5 Risk: -5 Genre: 9 Diversity: 2 Year Investment Revenue 0 -S400,000.00 S0.00 1 S0.00 $400,000.00 2 SOOO S100,000.00 3 $0.00 $25.000.00 4 $0.00 $20,000.00 5 S0.00 $10,000.00 3. Project: On the Beach New Artist: 2 Risk: -2 Genre: 3 Diversity: 2 Project: On the Beach Year Investment Revenue 10 -$200,000.00 $ 1 $ $275,000.00 2 s $75,000.00 3 $ $10,000.00 4 s $7,500.00 5 $ $1,500.00