Choose between the following mutually exclusive projects. You have a budget of $623 and a cost of capital of 5.4%.

Project 1:

Years 0 1 2 3 4 5 6 7 8

CFs -108 21 19 30 26 37 20 25 30

Project 2:

Years 0 1 2 3 4 5 6 7 8

CFs -230 84 66 74 71 90 70 87 64

Project 3:

Years 0 1 2 3 4 5 6 7 8

CFs -210 64 70 88 63 100 79 92 87

Project 4:

Years 0 1 2 3 4 5 6 7 8

CFs -110 22 39 51 23 50 35 44 50

Must show work in excel