You are looking to make capital improvements that will increase revenue and profitability of your minor league baseball team. The ownership group has carved out $$2$ million to spend on capital projects and wants to see return on investment within five years. The cost of capital for the organization is $10\%.$ One option is the construction of a new $$1\mathrm{.}8$ million scoreboard. The new scoreboard has a discounted payback period of $5\mathrm{.}5$ years, modified internal rate of return of $11\%,$ and net present value of $$50,000.$ The second project would eliminate seating in a grassy lawn in the outfield and turn it into a premium seating area fit for group outings of all sizes. The premium seating project would cost $ $1\mathrm{.}1$ million and has a discount payback period of $3\mathrm{.}9$ years, modified internal rate of return of $17\%,$ and a net present value of $$500,000.$ The final option is to turn an open grass area adjacent to the stadium that currently serves as an open greenscape into a parking garage. The parking garage would cost $$750,000$ and has a discounted payback period of $4\mathrm{.}0$ years, modified internal rate of return of $15\%,$ and net present value of $$100,000.$ Discuss the course of action that you should take and defend your answer.