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. Project: Time Fades Away New Artist: 10 Risk: -10 Genre: 7 Diversity: 3 Year Investment Revenue -$600,000.00 S0.00 $0.00 S500,000.00 $0.00 $75,000.00 S.00 S20,000.00 s0.00 S15,000.00 S0.00 s10,000.00 3 4 Project: Tears in the Rain New Artist: 5 Risk: -5 Genre: 9 Diversity: 2 Year Investment Revenue 0 5400,000.00 $0.00 S0.00 S400,000.00 S0.00 S100,000.00 2 $0.00 S25,000.00 S0.00 S20,000.00 3 5 $0.00 S10,000.00 Project: On the Beach New Artist: 2 Risk: -2 Genre: 3 Diversity: 2 Project: On the Beach Year Investment Revenue -$200,000.00 $ $275,000.00 $75,000.00 $10,000.00 $7,500.00 $1,500.00 1 2$ 2 2$ 4 2$ 5