4. A company is considering two alternative investment opportunities, each of which requires an initial cash outlay of $1 10,000. The expected net cash flows from the two projects follow (11 pts): Project Z $ 44,000 $70,000 $30,000 $144,000 Project A $ 30,000 $ 44,000 $70,000 $144,000 Periods Present value of $1 at 12% Year 1 1 .8929 Year 2 2 .7972 Year 3 3 .7118 Totals (1) Use the present values information given to find the NPV of the cash flows associated with each project, discounted at 12% (Show work): 2.) What is each project's payback period? 3.) Based on the net present values, which project is the better investment or are they equally beneficial. Give 1 quantitative & 2 qualitative reasons for your decision