Elite apparel Inc. is considering two investment projects. the estimated net cash flows from each project are as follows:

Cash Payback Period, Net Present Volue Method, and Analysis is considering two investment projects. The estimated net cash flows from each project are as follows: Year Plant Expansion Retail Store Expansion $130,000 $109,000 2 106,000 127,000 92,000 87,000 83,000 61,000 26,000 53,000 Total $437,000 $437,000 Each project requires an investment of $236,000. A rate of 6% has been selected for the net present value analysis. Present Value of 1 at Compound Interest Year 6% 10% 12% 15% 20% 10.943 0.909 0.893 0.870 0.833 2 0.890 0.826 0.7970.7560.694 3 0.840 0.751 0.712 0.658 0.579 4 0.792 0.683 0.636 0.572 0.482 5 0.747 0.621 0.567 0.497 0.402 6 0.705 0.564 0.5070.432 0.335 7 0.665 0.513 0.452 0.376 0.279 8 0.627 0.467 0.404 0.327 0.233 9 0.592 0.424 0.361 0.2840.194 0.558 0.386 0.322 0.247 0.162 10 Present Value of $1 at Compound Interes Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.8930.870 0.833 2 0.890 0.826 0.797 0.756 0.694 3 0.840 0.751 0.712 0.658 0.579 0.792 0.683 0.636 0.572 0.482 5 0.747 0.621 0.567 0.497 0.402 6 0.705 0.564 0.507 0.432 0.335 7 0.665 0.513 0.452 0.376 0.279 8 0.627 0.467 0.404 0.327 0.233 9 0.592 0.424 0.361 0.284 0.194 >10 .558 0.386 0.322 0.247 0.162 Required: 1a. Compute the cash payback period for each project Cash Payback Period Plant Expansion 2 yearsv Retail Store Expansion 2 years 1b. Compute the net present value. Use the present value of $1 table above. If required, round to the nearest dolilar. Plant Expansion Retail Store Expansion Present value of net cash flow total Less amount to be invested Net present value 2. Because of the timing of the receipt of the net cash flows, the plant expansion offers a higher net present value v