1 Year 1. 2. 5 points Book Initial investeent 3. Net Cash Flows Project 1 Project 2 5(50,000) 16,000 25,300 30,000 $(70,000) 35,000 22,000 25,000 a. Compute payback period for each project. Based on payback period, which project is preferred? b. Compute net present value for each project. Based on net present value, which project is preferred? Complete this question by entering your answers in the tabs below. Ask Required A Required B Pri Compute payback period for each project. Based on payback period, which project is preferred? (Cumulative net cash outflows must be entered with a minus sign. Do not round your intermediate calculations Round your Payback Period wer to 2 decimal places.) Project 1 Project Yar Nat Cash Flows Cumulative Nat Cash Flowe Nat Cash Net Cash Intial investment $ (50.000) $(70.000) Year 1 Year 2 Payback period Year 3 Project 1 Payback period year Project 2 Payback period years Based on payback period, which project is preferred? 1 S points 10,000 35,000 25,300 30,000 22,000 25,000 a. Compute payback period for each project. Based on payback period, which project is preferred? b. Compute net present value for each project. Based on net present value, which project is preferred? Complete this question by entering your answers in the tabs below. Required A Required Compute net present value for each project. Based on net present value, which project is preferred? (Round your present value factor to 4 decimais. Round your final answers to the nearest whole dollar) P Project 1 Year 1 Year 2 Year 3 Total Intal investment Net present value 2 Year Your 2 Hat Cash Flows Present Factor Year inal investment hat prest Represent value which project is preferred Present Value of Met Cash Flows Check my work