Question: Please be clean and show formulas used to get your answer You are the newly appointed Director of Project Management for the Advanced Electronics Company,

Please be clean and show formulas used to get your answer

Please be clean and show formulas used to get

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 2021-22. 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: 1. Payback period 2. Compatibility with existing products 3. Required non-recurring engineering cost 4. 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: 1 2 3 Payback period (years) > >4 3 200 1504000 3000

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