A Ap Global company is considering expanding its international presence. The company believes that it ha great potential for international sales. Recently, 20% of the Global Company's sales were in foreign markets. The goal is to expand the foreign sales to 30%. In order to accomplish this goal, the compa needs to invest heavily. After considering tax, marketing, labour and political issues the company has decided to invest in In and Dubai. The following estirnates have been provided: India Dubai Initial investment Estimated useful life Annual revenues (accrual) Annual expenses (accrural) Annual cash inflows Annual cash outflows Estimated salvage value Discount rate $2,500,000 20 years $500,000 $200,000 $550,000 $222,250 $500,000 9% $1,400,000 20 years $380,000 $180,000 $430,000 $206,350 $0.00 9% Required: Evaluate both these mutually exclusive proposals using: 1) The cash payback period 2) The net present value (NPV)