in fundamentals of project management, there is project 1 where i…

Question in fundamentals of project management, there is project 1 where i… in fundamentals of project management, there is project 1 where i opted scenario of renovation of basement, given budget of $100,000  what would be my financial analysis and assumptions?the green part is the discount rate, costs and benefitshow can i choose the discount rate and benefit PMGT 701 Project Instructions Team Project This is a team assignment where you will have the opportunity to apply the course content in a practical way by planning a real project. Your team must choose between one of the following 3 types of projects:  The opening of a new business (coffee shop, pet store, restaurant, etc.)  A renovation or redesign of your place (house, condo, apt, room, basement, etc.)  A fundraising event (hospital, animal shelter, etc.) No matter your choice, the duration of your project must be at least 3 months (from start to conclusion), and it must include a lesson learned session and a celebration event at the end of the project. The budget for your project is CAD 100,000.00 Project Part 1 (10%) Initiating 1. Business Case and Project Charter (50 point) – max 2 pages Based on your project choice, create a business case and a project charter for your project. Provide as many details as possible as these documents will serve as the basis for your project planning.   Created by: Date:    Note: Change the inputs, shown in green below (i.e. interest rate, number of years, costs, and benefits). Be sure to double-check the formulas based on the inputs.       Discount rate8.00%            Assume the project is completed in Year 0  Year    0123Total Costs140,00040,00040,00040,000  Discount factor1.000.930.860.79  Discounted costs      140,000    37,200    34,400    31,600   243,200         Benefits0200,000200,000200,000  Discount factor1.000.930.860.79  Discounted benefits0 186,000  172,000  158,000   516,000         Discounted benefits – costs     (140,000) 148,800  137,600  126,400    272,800 NPVCumulative benefits – costs     (140,000)     8,800  146,400  272,800          ROI112%      Payback in Year 1   Assumptions      Enter assumptions here        Business Management Project Management Share QuestionEmailCopy link Comments (0)