Using the Payback Method IRR and NPV Memorandum

Purpose of Assignment The purpose of this assignment is to allow the student to calculate the project cash flow using net present value (NPV), internal rate of return (IRR), and the payback methods. Assignment Steps Create a 350-word memo to management including the following:Calculate the following time value of money problems: Calculate the project cash flow generated for Project A and Project B using the NPV method.Sample Template for Project A and Project B:“Table showing investments and returns for Project A and Project B. Project A has $10,000 initial investment with $5,000 returns in each of the first 3 years. Project B has $55,000 initial investment with $20,000 in each of the first 3 years.”