Cash payback penod, net present value method, and analysis Eta Apparel Inc. is considering two investment projects. The estimated net cash flows from each project are as follows: Retail Store Year Plant Expansion Expansion 1 $450,000 $500,000 2 450,000 400,000 3 340,000 350,000 4 280,000 250,000 S 180,000 $1,700,000 200,000 $1,700,000 Tutal Each project requires an investment of 90,000. A rate of 15% has been selected for the net present value analysis Present Value of $1 at Compound Interest Year 64 10% 12% 15% 20% 1 0.943 0.909 0.093 0.870 0.833 2 0.890 0.826 0.797 0.756 0.694 3 0.840 0.751 0.712 0.658 0.579 4 0.792 0.683 0.636 0.572 0.482 5 0.747 0.621 0.567 0.497 0.402 . 0.705 0.564 0.507 0.432 0.335 0.665 0.513 0.452 0.376 0.279 8 0.627 0.467 0.404 0.327 0.233 9 0.592 0.424 0.361 0.284 0.194 10 0.558 0.385 0.322 0.247 0.162 Remulced Check My Work 0.792 0.683 0.636 0.5721 0.482 5 0.747 0.621 0.567 0.497 0.402 6 0.705 0.564 0,507 0.432 0.335 7 0.665 0.513 0.452 0.376 0.279 8 0.627 0.467 0.404 0.327 0.233 9 0.592 0.424 0.361 0.284 0.194 10 0.558) 0.386 0.322 0.247 0.162 Required: 1a. Compute the cash payback period for each project. Plant Expansion Cash Payback Period Retail Store Expansion 1b. Compite the net present value. Use the present value of $1 table above. If required, round to the nearest dollar. Total present value of net cash flow Less amount to be invested Net present value Plant Expansion Retail Store Expansion 2. Because of the timing of the receipt of the net cash flows, the 1 offers a higher, Check My Work Assignment Score: 0.0%