Cash Payback Pariod, Net Present Value Method, and Analysis Elite.Apgarel inc. is considering two investment projects. The estirnated net eash flows from each project are as follows: Each project requires an investment of $299,000. A rate of 12% bas been selected for the net presect value analysis. Required: 13. Compute the cash poyback period for each project, 1b. Compute the net present value. Use the present value of \$1 table above. If required, round to the nearest dollar