Each project requires an investment of $272,000. A rate of 12% has been selected for the net present value analysis. Drocont V/aluo of \&1 at Comnnund Intaract Required: 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