do not use excel

please read the last part and show all steps for thump up

111. 6. (10 points) You are the newly appointed Director of Project Management for the Advanced Electronics Company, an established Stockton firm specializing in the design and production of robotics for the food processing industry. As part of your planning process for the Fiscal Year 2012- 13, you are considering three new product development projects. After discussions with the General Manager, you conclude that your decision should be based on the following four criteria: i. Payback period ii. Compatibility with existing products Required non-recurring engineering cost iv. Required factory floor space for production After further discussions, she (the General Manager) tells you that she feels that the latter three criteria ("compatibility with existing product line", "required non-recurring engineering cost" and "required factory floor space for production") are all equally as important. The criterion "payback period" is the most important consideration, and is about twice as important as any single one of the other three criteria. You agree to the following evaluation scale: 2 Payback period (years) 34 Low >200 >4000