CSW Real Estate, Inc. is considering two sites for its latest project, a mixed$-$use residential and retail shopping

development. The company's management has put together the following cash flow estimates and other data for

each project:

What is the cash payback period for each site $($rounded to two decimal places$)?$ What is the net present value

$($NPV$)$ of each site and which site $($if any$)$ would be the preferred investment?