$1.$ 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 ROI, NPV$,$ IRR, and payback period. Based solely on the financial numbers presented below, answer questions to determine which of the following projects should be implemented by the organization: $($Total $50$ Points$)$

Project $1$ costs, Year $1$ through Year $4$: $$100,000$; $$10,000$; $$10,000$; $$10,000$

Project $1$ revenue: $$0$; $$5,000$; $$50,000$; $$110,000$

Project $2$ costs, Year $1$ through Year $4$: $$50,000$; $$20,000$; $$5,000$; $$5,000$

Project $2$ revenue: $$0$; $$6,000$; $$70,000$; $$100,000$

Project $3$ costs, Year $1$ through Year $4$: $$120,000$; $$15,000$; $$5,000$; $$5,000$

Project $3$ revenue: $$2,000$; $$50,000$; $$100,000$; $$150,000$

Project $4$ costs, Year $1$ through Year $4$: $$50,000$; $$50,000$; $$10,000$; $$10,000$

Project $4$ revenue: $$5,000$; $$70,000$; $$70,000$; $$50,000$