You are a project manager with Striker Projects Pvt. Ltd. As the project manager, you need to evaluate two projects Salient and Stylish, and make a recommendation to management for the selection of a suitable project. Both the projects Salient and Stylish entail an initial investment of 5,00,000. Projected cash inflows for the Project Salient are 1,50,000 in year 1; 1,60,000 in year 2; 1,70,000 in year 3, and 1,65,000 in year 4. Projected cash inflows for the Project Stylish are 1,40,000 in year 1; 1,40,000 in year 2; 1,40,000 in year 3, 1,25,000 in year 4; and 1,22,000 in year 5. The required rate of return is 10%. The present value of 1 at 10% is 0.909 for year 1, 0.826 for year 2, 0.751 for year 3, 0.683 for year 4, and 0.621 for year 5. Calculate Net Present Value (NPV), Internal Rate of Return (IRR) and Profitability Index (PI) for both the projects Salient and Stylish. Compare and contrast NPV, IRR and PI values of projects Salient and Stylish, and recommend a suitable project for investment to the management. Require Answer in 1000 Words