4. A company is considering two alternative investment opportunities, each of which requires an initial cash outlay of $110,000. The expected net cash flows from the two projects follow (12 pts): Project A Project Z Periods Present value of $1 at 12% Year 1 $ 30,000 $ 44,000 .8929 Year 2 $ 44,000 $70,000 .7972 Year 3 $ 70,000 $30.000 .7118 Totals $144,000 $144,000 (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