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Garak's Clothiers is considering two capital investments. Both investments have an initial cost of $9,000,000 and total net cash flows of $17,000,000 over 8 years.

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Garak's Clothiers is considering two capital investments. Both investments have an initial cost of $9,000,000 and total net cash flows of $17,000,000 over 8 years. Langley requires a 16% rate of return on this type of investment. Expected net cash flows are as follows: Requirements 1. Create a new worksheet labeled "Initial Plan" and include the data from the instructions tab (data array, initial investment, and required rate of return. 2. Compute the Net Present Value and Internal Rate of Return of the two plans uisng the NPV and IRR functions. 3. Under the NPV and IRR analysis, include a statement of which plan, if any, should the company pursue. Take into consideration the company's required rate of return. 4. Create a new worksheet labeled "Updated Plan" and include the data from the instructions tab (data array, initial investment, and required rate of return. 5. Compute the Net Present Value and Internal Rate of Return of the two plans under the new initial cost assumption, using the NPV and IRR functions. 6. Under the updated NPV and IRR analysis, include a statement of which plan, if any, should the company pursue. Take into consideration the company's required rate of return

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