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3 35 ports Daryl Keams saved $230,000 during the 25 years that he worked for a major corporation Now he has retired at the age of 50 and has begun to draw a comfortable pension check every month. He wants to ensure the financial security of his retirement by Investing his savings wisely and is currently considering two investment opportunities. Both investments require an initial payment of $187.000. The following table presents the estimated cash inflows for the two alternatives: Year Year) Year 4 Opportunity 1 $ 55,670 $78,800 5101,310 Opportunity #2 104,300 100.750 10,300 14,209 03:46:44 Book Mt. Kearns decides to use his past average return on mutual fund investments as the discount rate, it is to percent. (PV of S1 and PVA of:51) (Use appropriate factor(s) from the tables provided) Required a. Compute the net present value of each opportunity, which should Me Kearns adopt based on the net present value approach? b. Compute the payback period for each opportunity which should Me Kearns adopt based on the payback approach? Print Complete this question by entering your answers in the tabs below. Required A Required Compute the net present value of each opportunity, which should Mt. Kearns acopt based on the net procent value approach? (round your intermediate calculations and find answer to two decimal places) Nat Present Value Opponunity Opportunity 2 Which opportunity should be chosen! Required B