Boating Enterprise produces two boat models, Flyer and Skimmer. Both products are being considered for major Investment projects next year. Relevant data follow. Flver Sker 424,6905 388,888 New Investment Expected 3-year net cash flows: Year 1 Year 2 Year 3 15e,eee 160.800 17.080 130,800 13e, eee Required: Compute the payback period for the flyer. (Cumulative net cash outflows must be entered with a minus sign Round your Payback period answer to 2 decimal place.) Cash Inflow Year- Outflow) Cumulative Net Cash Inflow (Outflow) Payback period = SavedSUDI This question requires you to use the previous question's Information Required: 1. Compute the payback period for the Skimmer. (Round your Payback Period answer to 2 decimal place) Payback Period Choose Denominator Choose Numerator - Payback Period Payback period Annual net cash flow Average total assets Cost of goods sold Cost of investment 2. Based on the payback periods of the Flyer and Skimmer. If you could only choose one to produce which one would you select? Flyer Skimmer