Your CFO and your team found your past Module's evaluation of the importance of notes to financial statements when analyzing the accounting numbers produced by those statements highly informative. Therefore, the CFO selected you to lead your team in the discussion regarding HealthCo Inc's working capital management and banking relationships during the upcoming top management retreat. He $($your CFO$)$ wants you to focus on the following.

$1.$ Cash management is a key part of working capital management. He wants you to identify at least three reasons why healthcare organizations need cash on hand.

$2.$ Evaluate the two tools that managers use to manage working capital.

$3.$ While conducting investment analysis, you have the following scenario: Project A requires a $$25,000$ investment and provides $$5,000$ per year for six years; Project B requires an $$8,000$ project and provides $$4,000$ per year for two years. You will need to recommend which of those two projects has a better payback period, as you explain the strengths and weaknesses of this approach.