Daryl Kearns saved $220.000 duing the 25 years that he worked for a major corporation. Now he has retired ot the age of 50 and has begun to draw a comfortable pension check every month. He wants to ensure the financlal security of his relirement by investing his savings wisely and is currently considering two investment opportinitles. Both irvestments require an initial poyment of $192,000. The following table presents the estimated cash inflows for the two alteinatives Mr. Kearns decides to use his past average return on mutual furid irvestments as the discount rate: it is 8 percent (PV.ors and peya of Si) (Use oppropriate factor(s) from the tables provided) Required o. Compute the net present value of each oppoitunity. Wisch stiouki Mr. Kearns sodopt based on the net present value approacti? b. Compute the paybeck period for each project. Wisch should Mi. Keains adopt based on the payback approach? Complete this question toy entering your answers in the tabs below