he sites have different useful lives, but each requires an investment of $300,000. The estimated The investment Committee of Auntie M's Restaurants Inc. is net cash flows from each site are as follows Net Cash Flows Wichita Topeka $310.000 $400,000 310.000 400,000 310,000 400.000 310,000 400,000 310.000 310,000 The committee has selected a rate of 20% for purposes of net present value analysis. It also estimates that the residual value at the end of each restaurant's useful of the fourth year, Wichita's residual value would be $500.000 Present Value of $1 at Compound Interest $0, but at the end Year 64 104 12 154 204 0.943 0.09 0.893 0.797 0.870 0.756 0.893 0.694 0.826 0.751 0.663 0.712 0.636 572 0.890 0.840 0.792 0.747 0.705 0.665 0.30 0.432 0.335 0.564 0.513 0.467 0.233 0.452 0.404 0.361 0322 0.14 0.162 100.558 0:36 0.247 1595 0.870 1.626 2.283 2.855 0.833 1.528 2.106 2.589 0.943 1.833 2.673 3.465 4.212 4.917 5.582 6.210 6.802 7.360 10495 0.909 1.736 2.487 3.170 3.791 4.355 4.868 5.335 5.759 6.145 1240 0.893 1.690 2.402 3.037 3.605 4.111 4.564 4.068 5.328 5.650 2.991 4.160 3.A 3.837 4.772 5.019 10 4.197 Required: 1. For each site, compute the net present value. Use the present value of an annuity of si table above. Ignore the unequal lives of the projects. If required, round to the nearest dollar. Wichita Topeka Present value of annual net cash flows Amount to be invested Net present value 2. For each site, compute the net present value, numing that Wichita adjusted to a four for purposes of analysis. Use the present value of $1 table above. If required, round to Wichita Present value of net cash flow total Amount to be invested het present value 3. The net present value of the two sites over equal lives indicates that the te has a higher not present value and would be a superior investment