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11:421 .II '4? C} G) v2.cengagenow.com [I] Chapter 25 Cash Payback Period, Net Present Value Method, and Analysis Elite Apparel Inc. is considering two investment projects. The estimated net cash flows from each project are as follows: Year Plant Expansion Retail Store Expansion 1 $141,000 $110,000 2 115,000 130,000 3 100,000 95,000 4 90,000 66,000 5 10,000 57,000 9 Total $474,000 $474,000 Each project requires an investment of $256,000. A rate of 20% has been selected for the net present value analysis. Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.043 0.909 0.093 0.370 0.833 2 0.390 0.826 0.797 0.756 0.694 3 0,040 0,751 0.712 0.650 0,579 4 0.792 0.683 0.636 0.572 0.402 5 0.747 0.621 0.567 0.497 0.402 6 0.705 0.564 0.507 0.432 0.335 7 0.665 0.513 0.452 0.376 0.279 0 0.627 0.467 0.404- 0327 0.233 9 0.592 0.424 0.361 0.204 0.194 10 0.550 0.356 0.322 0.247 0.162 Required: la. Compute the cash payback period for each project. Cash Payback Period Plant Expansion 1 year Retail Store Expansion 1b. Compute the net present value. Use the present value of $1 table above. If required, round to the nearest dollar. Plant Expansion Retail Store Expansion Total present value of net cash ow 3: $ Less amount to be invested [: Net present value 4:] $ 2. Because of the timing of the receipt of the net cash flows, the plant expansion offers a higher net present value . Assignment Score: 36.16% e + a