Daryl Kearns saved $270,000 during the 25 years that he worked for a major corporation. Now he has retred at the age of 50 and hos begun to draw a comfortable pension check every month. He wants to ensure the financlal security of his retiement by investing his savings wisely and is currently consideringt two investment opportunities. Both imestments require an intial pojment of $190500 The following table presents the estimated cash infiows for the two aternatives: Mc, Kearns decides to use his past averoge return on mutual fund investrients as the discount rate, it is 10 percent Par of ST ind PVa of $1 (U) (Ue appropriate factor(s) from the tables provided) Pequired a. Compiate the net present value of esch opportunty. Which shoukd Mr. Keams adopt based an the net present vave approach? b. Compide the payback period for each opportunty. Which shoukd Mr. Keams adopt bssed on the payback approach? Answer is comsiete but not enirely correct. Comsiete this question by entering your answers in the tabs below. Compute the net present value of esch opporunity. Which shodid Me, Kearns adobt Based en the net treint value spproach? (Mound your intermediate calculations and final ansper ko two decimal places.) Daryf Kearns saved $270,000 dueing the 25 years that he worked for a major corperation. Mow he has retred at the ase of Go and has savings wisely and is currently considering two investment opportunities. 8och imestments iequre an intial paycent of 3 tigo,500 The M. Kearns decidos to use his past averoge return on mutual fund wivestments as the discount rave; it is to percent we af $1 ans Fha of 51 (Use appropriate factor(s) from the tables provided.) Required a. Compude the net present value of esch opoortunity. Which shous M Keapns adopt based on the net present value anproach? b. Compute the poyback peeiod for each opportunity. Which shoud M. Kesns adopt based an the poyback apsarcactipl (9) Answer is complete but not entireiy cosrect. Camplete this question try entering your answere in the tabs below. Compute the payback period for each opportunity. Which should Mr Kearns adopt based en the paycack apcrapch