1.Strategically, what must Pan-Europa do to keep frombecoming the victim of a hostile takeover? What rows/categories in Exhibit 2 will thus become criticallyimportant this coming year? What should Pan-Europa donow that they have won the price war? Who should leadthe way for Pan-Europa? 2.Using NPV, conduct a straight fi nancial analysis of theinvestment alternatives and rank the projects. WhichNPV of the three should be used? Why? Suggest a wayto evaluate the effluent project. 4. Reconsider the projects in terms of:•are any “must do” projects of the nonnumeric type?•what elements of the projects might imply greater orlesser riskiness? might there be any synergies or conflicts between theprojects?•do any of the projects have nonquantitative benefitsor costs that should be considered in an evaluation 6.Divide the projects into the four Project Profile Processcategories of incremental, platform, breakthrough, andR&D. Draw an aggregate project plan and array theprojects on the chart. 7.Based on all the above, which projects should themanagement committee recommend to the Board ofDirectors?