Frankfort Enterprises is trying to select the best investment from among three alternatives to shift and process Kentucy Blue grass seeds. Each alternative involves an initial outlay of $56,500. Their cash flows follow: Evaluate and rank each alternative based on 1) payback period, 2) net present value (use a 12% discount rate) Year A B 20,000 15,000 17,500 2 25,000 45,000 25,000 15,000 10,500 35,000 PAYBACK PERIOD 13 Decision 14 E Net Present Value 16 12% A B 17 1 18 TO 3 use NPV 2 function here 21 less investment 22 NetPresent 431 24 Decision