Cash Paybock Period, Net Rresent Valuo Method, and Analysls Elite Apparel Inc, is considering two imvestment projects. The estimated net cash flows from eoch project are as folloiss: Each project requires an investment of $287,000, A rate of 12% has been selected for the net present value analysit. Present Valuse of 1 ar Camanaund Yetaraet: 1a. Compute the cash payback period for each project. 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