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

Investments is $10\%.($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and PVA of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

a$.$ Compute payback perlod for each project. Based on payback perlod, 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.

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