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 $272,000. A rate of 12% has been selected for the net present value analysis. Required: 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 nearest dollar. 2. Because of the timing of the receipt of the net cash flows, the offers a higher Feedback Check My Work 1a. For each product, start with year 1 and accumulate the net cash flows until the amount to be invested is reached. 1b. For each product, multiply the present value factor for each year by that year's net cash flow. Subtract the amount to be invested from the total present value of the net cash flow. Which product offers the more favorable net present value? 2. Consider when cash flows are received and the time value of money