Flite Apparel Inc. is considering two investiment projects. The estimated net cash flows from each project are as follows: Year Plant Expansion Retail Store Expansion $134,000 $112,000 109,000 131,000 95,000 90,000 86,000 63,000 26,000 54,000 Total $450,000 $450,000 waw Each project requires an investment of $243,000. A rate of 10% has been selected for the net present value analysis. Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 0.943 0.909 0.893 0.870 0.833 0.890 0.826 0.797 0.756 0.694 0.840 0.751 0.712 0.658 0.579 0.636 0.572 0.567 0.497 0.482 0.402 0.335 0.507 0.792 0.683 0.747 0.621 0.705 0.564 0.665 0.513 0.627 0.424 0.55810.385 0.452 000 0.467 0.404 0.361 0.322 0.327 0.284 0.592 0.247 0.432 0.335 0.705 0.665 0.564 0.513 0.279 No a 0.627 0.467 0.507 0.452 0.404 0.361 0.322 0.233 0.376 0.327 0.284 0.247 0.592 0.424 0.194 0.162 0.558 0.386 Required: 1a. Compute the cash payback period for each project. Cash Payback Period Plant Expansion Retail Store Expansion 16. Compute the net present value. Use the present value of $1 table above. If required, round to the nearest dollar. 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 | offers a higher Check Work Practice Assigninient Score: 0.0