Cash Payback Period, Net Present Value Method, and Analysis Elite Apparel Inc. is considering two investment projects. The estimated net cash flows from each project are as follows: Each project requires an investment of $232,000. A rate of 20% has been selected for the net present value analysis. 1a. Compute the cash payback period for each product. 1a. Compute the cash payback period for each product. 1b. Compute the net present value. Use the present value of $1 table above. If required, round to the ne 2. Because of the timing of the receipt of the net cash flows, the offers a higher