Using the principle of backward induction, please select the optimal project among project 1, project 2, and the RiskFree project. Redraw the decision tree in a separate piece of paper and annotate the expected values at each node, cross out suboptimal branches, and annotate the NPV of Project 1, 2, and RiskFree. Ignore discounting (discount rate r = 0). Attach your solution to this question expand Payoff = $200 Payoff = $120 contract 60% expand Payoff = $65 40% Project 1 cost = $120 Payoff = $80 contract expand Payoff = $300 Project 2 cost = $110 30% Payoff = $90 contract 70% Payoff = $80 Risk-free project cost = $100 Payoff = $120