You work for a large, successful organization, but lately many of the IT projects have experienced disappointing results. You have been put on the steering committee to improve the selection process. The organization has decided that any new projects selected for implementation must first meet strict financial measures. It has set minimum values for NPV, IRR, and payback period. Based solely on the financial numbers presented below, answer questions a through d to determine which of the following projects should be implemented by the organization: Project 1 costs, Year 0 through Year 3: $100,000; $10,000; $10,000; $10,000 Project 1 revenue: $0; $5,000; $50,000; $110,000 Project 2 costs, Year 0 through Year 3: $50,000; $20,000; $5,000; $5,000 Project 2 revenue: $0; $6,000; $70,000; $100,000 Project 3 costs, Year 0 through Year 3: $120,000; $15,000; $5,000; $5,000 Project 3 revenue: $2,000; $50,000; $100,000; $150,000 Project 4 costs, Year 0 through Year 3: $50,000; $50,000; $10,000; $10,000 Project 4 revenue: $5,000; $70,000; $70,000; $50,000 a. Calculate NPV for each project, using a 10 percent discount rate. b. Calculate IRR for each project. c. Calculate payback period for each project. a. If the steering committee can choose only one project to work on, which should it be