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 $233,000. A rate of 6% has been selected for the net present value analysis. Dracant Malia of &1 at romnnind Tnteract Kequired: 1a. Compute the cash payback period for each project. Cash Payback Period Plant Expansion Retail Store Expansion 1b. Compute the net present value. Use the present value of 51 table above. If required, round to the nearest dollar