Select any engineering company and assume you are an engineeringmanager working in that company. Your department has been awardedan external grant of $1M to select 1 project of your choice. Youhave identified 5 mutually exclusive projects to choose from.However, you can only select one and you have decided to select the1 project by using NPV-based analysis. For this question, you donot have to calculate NPV or show any calculations.
(a) List your 5 hypothetical project choices with hypotheticalNPV values.
(b) Select your 1 project and explain why you have selected thatproject.
(c) Explain the value of using NPV for such economicanalysis.
