Gonzalez Company is considering two new projects with the following net cash flows. The company's required rate of return on

investments is $10\%.($PV of $$1,FV$ of $$1,$PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

a$.$ Compute payback period for each project. Based on payback period, which project is preferred?

b$.$ Compute net present value for each project. Based on net present value, which project is preferred?

Complete this question by entering your answers in the tabs below.

Required $A$

Compute payback period for each project. Based on payback period, which project is preferred?

Note: Cumulative net cash outflows must be entered with a minus sign. Do not round your intermediate calculations. Round

your Payback Period answer to $2$ decimal places.