Problem 1: Three software development projects have the following cashflows. Project Jacquard has an initial investment of $1,500,000, annual savings of $425,000 from years 1 through 4 , and $530,000 in year 5 . Project Quantum has an initial investment of $2,000,000, annual savings of $925,000 from years 1 through 4 , and $200,000 in year 5 . Project ConvNext has an initial investment of $1,000,000, annual savings of $180,000 in year 1 , and $400,000 from years 2 through 5 . The company would like to earn a 25% rate of return on these projects. Use the Net Present Value method to select the best project the company should invest in