Instructions You will be required to submit a midterm paper to demonstrate your understanding of the concept of project selection. This assignment will provide you the opportunity to explore the weight scoring method of project selection and ranking among alternatives and also making decisions on how to decide a favourable project from cash flow point of view. The Quantum Leap Company has set up a weighted scoring matrix for evaluation of potential projects. Below are five projects under consideration 1. Using the scoring matrix below, which project would you rate highest? Lowest? 2. If the weight for "Strong Sponsor" is changed from 20 to 5.0, will the project selection change? What are the three highest weighted project scores with this new weight? 3. Why is it important that the weights mirror critical strategic factors? 4. Two new software projects are proposed to a young start-up company. The Alpha project will cost $150,000 to develop and is expected to have annual net cash flow of 540,000. The Beta project will cost $200.000 to develop and is expected to have annual net cash flow of $50,000 The company is very concerned about their cash flow. Using the payback period, which project is better from a cash flow standpoint? Why? 3. Assume that the rate of inflation is 6%, use the Net Present Value (NPV), approach to calculate the paytrack period for both projects, which project would you now recommend? Why? b. In your estimation, which approach to calculating payback period is better? Explain your response, cwing the pros and cons of each approach Criteria Strong Sponsor Support Business Strategy Urgency Sale From new Products Competition Fill Market Gap Weighted Total(a) Weighted total (b) Weight 2 3 5 4 Project 1 B 2 D 2 Pro23 7 2 0 Procta 2 3 B Project 41 0 10 Projects 10 10