Allegience Insurance Company's management is considering an advertising program that would require an initial expenditure of $188,670 and bring in additional sales over the next five years. The projected additional sales revenue in year 1 is $89,000, with associated expenses of $32,000. The additional sales revenue and expenses from the advertising program are projected to increase by 10 percent each year. Allegience's tax rate is 30 percent. (Hint: The $188,670 advertising cost is an expense.) Use Appendix A for your reference. (Use appropriate factor(s) from the tables provided.) Requed: 1. Compute the payback period for the advertising program. 2. Calculate the advertising program's net present value, assuming an after- tax hurdle rate of10 percent. (Round your intermediate calculations and final answer to the nearest whole dollar.)