Cash Payback Period, Net Present Value Method, and Analysise Elite Apparel Inc. is considering two investment projects. The estimated net cash Bows from each project are as follows Year Plant Expansion Retail Store Expansion $133,000 $111,000 2 109,000 131,000 3 94,000 90,000 4. 85,000 63,000 5 27,000 53,000 Total $448,000 $448,000 Each project requires an investment of $242,000, A rate of 6% has been selected for the net present value analysis Present Valun of $1 at Compound Interest. Year 6% 10% 12% 15% 20% 0.943 0.909 0.893 0.870 0.833 0.890 0.826 0,797 0.756 0.694 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 o432 o.335 0.665 0.513 0.452 0.376 0.279 0.627 0.467 0.404 0.327 0.233 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 Cash Payback Period Plant Expanslon 2 years Retail fitore Expansion 2 years 5 27,000 53,000 Total $448,000 $448,000 Each project requires an investment off $242,000. A rate of 6% has been selected for the net presient value analysis. Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 0.943 0.909 0.893 0.870 0.833 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 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 0.627 0.467 0.404 0.327 0.233 0.592 0.424 0.361 0.284 0.194 10 0.558 0.386 0.322 0.247 0.162 Required: la. Compute the cash payback period for each project Cash Payback Period Plant Expansion 2 years Retail Store Expansione 2 years 1b. Compute the net present value. Use the present value of $1 table above. If required, round to the nearest dollar. Plant Expansion Retail Store Expansion Present value of net cash flow total Less amount to be invested Net present value offers a higher net present value 2. Because of the timing of the receipt of the net cash flows, the plant expansion