The allied group is considering two investments.The first in

The allied group is considering two investments.The first investments involves a packaging machine, which can be used to package garments for shipping orders to customers. The second possible investment would be a molding machine that would be used to mold the mannequin parts.The first possible investment is the packaging machine, which will cost $1400.The second investment the molding machine would cost $1200. The expected cash flow for the two projects are given below and the cost of capital to the firm is 15%. Both machines will be unusable after five years and have no salvage value.The net cash flows for the two possible projects are giving in the following table:year packing machine molding machine0 $1400 $120001 4100 32002 3300 28003 2900 28004 2200 22005 1200 2200Questions:Address all of the following questions in a brief but through manner.- What is each project’s payback period?. Provide a detailed explanation of how you calculated the payback period each?.- What is the NPV for each project?. Provide detailed explanation of how you calculated the payback period for each.- What is the IRR for each project?. Provide a detailed explanation of how you calculated the payback period for each.- If both of the projects can be selected, then should both be selected ?. why or why not?. Explain why or why not?- If the two project are mutually exclusive, which project, if any, should be selected?. Explain why.Submit your four to five page paper in APA style.Criteria:- Calculated each project payback period and came to the correct conclusions.- Calculated the NPV for each project and came to the correct conclusions.- Calculated the IRR for each project and came to the correct conclusions.- Identified which projects, if any, should be selected if two projects were independent of each other and explain why.- Work was clearly written, with logical flow, with minimal errors ( including APA format) and utilized appropriate citation/reference of sources.0 $14000 $120001 4100 32002 3300 28003 2900 28004 2200 22005 1200 2200Questions: address all of the following questions in a brief but through manner.- What is each project’s payback period? Provide a detailed explanation of how your calculated the payback period for each.- What is the NPV for each project? Provide a detailed explanation of how you calculated the payback period for each.- What is the IRR for each project? Provide a detailed explanation of how you calculated the payback period for each.- If both of the projects can be selected, then should both be selected? why or why not?. Explain why or why not.- If the two projects are mutually exclusive, which project, if any, should be selected?. Explain why.SUBMIT your four to five page paper in APA style.CRITERIA:- Calculated each project’s payback period and came to the correct conclusions.- Calculated the NPV for each project and came to the correct conclusions.- Calculated the IRR for each project and came to the correct conclusions.- Identified which projects, if any, should be selected if the two projects were independent of each other and explained why.- Work was clearly written logical flow with minimal errors ( including APA format) and utilized appropriate citation/reference of sources.