Daryl Keams saved $280,000 during the 25 years that he worked for a major corporation. Now he has retired at the age of 50 and has begun to draw a comfortable pension check every month. He wants to ensure the financial security of his retirement by investing his savings wisely and is currently considering two investment opportunities. Both investments require an initial payment of $189.500. The following table presents the estimated cash inflows for the two alternatives: Year 1 Year Year Year 4 Opportunity 01 $ 55,655 $ 58,070 578,790 5101,380 Opportunity 2 103,800 109,050 17,100 15,900 Mi Kears decides to use his past average return on mutual fund investments as the discount rate, it is 12 percent. (PV of $1 and PVA $1) (Use oppropriate factor(s) from the tables provided.) Required o. Compute the net present value of each opportunity. Which should Mc Kearns adopt based on the net present value approach? b. Compute the payback period for each opportunity, which should Mt. Kearns adopt based on the payback approach? Complete this question by entering your answers in the tabs below. Required A Required Compute the net present value of each opportunity, which should Mr. Kearns adopt based on the net present value approach? (Round your intermediate calculations and final answer to two decimal places.) Net Present Value Opportunity Opportunity 2 Required A Required B Compute the payback period for each opportunity. Which should Mr. Kearr Payback Period years Opportunity 1 Opportunity 2 Which opportunity should be chosen? years