Create an Excel spreadsheet in which you use capital budgeting tools to determine the quality of 3 proposed investment projects, as well as a 6-8 page report that analyzes your computations and recommends the project that will bring the most value to the companyYou work as a finance manager for Drill Tech, Inc., a mid-sized manufacturing company located in Minnesota. Three capital project requests were identified as potential projects for the company to pursue in the upcoming fiscal year. In the meeting to discuss capital projects, the director of finance (and your boss), Jennifer Davidson, gives you a synopsis of the projects along with this question: Which one of these projects will provide the most shareholder value to the company?She also tells you that other than what is noted in each project scenario, all other costs will remain constant, and you should remember to only evaluate the incremental changes to cash flows.Review the following:Project A: Major Equipment PurchaseA new major equipment purchase, which will cost $10 million; however, it is projected to reduce cost of sales by 5% per year for 8 years.The equipment is projected to be sold for salvage value estimated to be $500,000 at the end of year 8.Being a relatively safe investment, the required rate of return of the project is 8%.The equipment will be depreciated at a MACRS 7-year schedule.Annual sales for year 1 are projected at $20 million and should stay the same per year for 8 years.Before this project, cost of sales has been 60%.The marginal corporate tax rate is presumed to be 25%. Project B: Expansion into EuropeExpansion into Western Europe has a forecast to increase sales/revenues and cost of sales by 10% per year for 5 years.Annual sales for the previous year were $20 million.Start-up costs are projected to be $7 million and an upfront needed investment in net working capital of $1 million. The working capital amount will be recouped at the end of year 5.Because of the higher European tax rate, the marginal corporate tax rate is presumed to be 30%.Being a risky investment, the required rate of return of the project is 12%.Project C: Marketing/Advertising CampaignA major new marketing/advertising campaign, which will cost $2 million per year and last 6 years.It is forecast that the campaign will increase sales/revenues and costs of sales by 15% per year.Annual sales for the previous year were $20 million.The marginal corporate tax rate is presumed to be 25%. Being a moderate risk investment, the required rate of return of the project is 10%.REQUIREMENTSSelect the project that will bring the most value to shareholders. Your calculations and report should address these items for the stakeholders:Apply computations of capital budgeting methods to determine the quality of the proposed investments.Use budgeting tools to compute future project cash flows and compare them to upfront costs. Remember to only evaluate the incremental changes to cash flows. Demonstrate knowledge of a variety of capital budgeting tools including net present value (NPV), internal rate of return (IRR), payback period, and profitability index (PI). The analysis of the capital projects will need to be correctly computed and the resulting decisions rational.Evaluate the capital projects using data analysis and applicable metrics that align to the business goal of maximizing shareholder value.Evaluate capital projects and make appropriate decision recommendations. Accurately compare the indicated projects with correct computations of capital budgeting tools and then make rational decisions based on the findings.Select the best capital project, based on data analysis and evaluation, that will add the most value for the company.Prepare an appropriate evaluation report for requestors, using sound research and data to defend your decision.Justify your decision with a clear analysis showing the findings of the analysis and which project has the best chance to increase shareholder value.Use your calculations and data to provide a clear picture of why your recommendation is the right one. This goes beyond just regurgitating the data. Think about how the data can tell the story that will be meaningful to the readers.

APA sytle: One pageA lively discussion is under way at Sunrise Software, where you are a project manager.The main question is whether the person-days concept has limitations. In other words, if a task will require 100 person-days, does it matter whether two people in 50 days, five people in 20 days, ten people in 10 days, or some other combination that adds up to 100 performs the work? Two programmers on the project seem to think it doesn’t matter. On the other hand, one of the project’s systems analysts says it is ridiculous to think that any combination would work. To support his point, this extreme example was offered: Could 100 people accomplish a task estimated at 100 person-days in one day? Is the systems analyst correct? If so, what are the limits in the “people versus days” equation? Taking the concept a step further, is there an optimum number of people to be assigned to a task? If so, how would that number be determined? You need to offer some guidance at the next project team meeting. What will you say?

Based upon your Week 1 Assignment survey results, write a brief report (2-3 pages) assessing the adoption response of your targeted population to the determinants (antecedents); i.e. Advantage, Compatibility, Complexity, Trialability, Observability, of your product (or service). What does the data tell you about the targeted population's perception of your innovation?Minimum 2 pagesMinimum 2 scholarly sourcesAPA FormatI will attach week 1 survey for reference.