Home Crown Company Home Crown Company is a chain of grocery stores that are similar to indoor farmer's markets, providing fresh, local produce, meats, and day products to consumers in urban areas. Home Crown is considering opening several stores in a new city, and has proposals from three contractors (Alpha, Beta, and Camma companies) who would like to provide buildings for the new stores The amount of expected revenue from the stores will depend on the design of the contractor For example, Home Grown decides on a more open floor plan with less shelf space for products, revenue would be lower overal However, HomeOrow decides on a very crowded to plan may lose customers who appreciate a more open feet As the project manager for Home Grown, you are responsible for deciding which if any of the proposals to accept Home Crow's minimum acceptable rate of return is 20% You receive the following data from the three contractors Proposal Alpha Beta Gamma Type of Floor Plan Very open ke an indoor farmer's market Standard grocery shelving and layout, minimal she space Mix of open areas and shelving areas Investment Selected 51.472.000 55.678.500 2 335.760 Residual Valve 5000 SO SO 00 You have computed estimates of annual cash flows and average annual income from customers for each of the three contractors' plans. You believe that the annual cash flows will be equal for each of the 10 years for which you are preparing your capital investment analysis Your conclusions are presented in the following table Proposal Alpha Estimated Average Annual Income (after depreciation) S324,134 $286,217 $582.719 Estimated Average Annual Cash Flow $351.145 S461.411 5648,654 Beta Gamma You've decided to confirm your results from the average rate of return by using the cash payback method Using the following table, compute the cash payback period of each investment. If required, round the number of years in the cash payback period to a whole number Proposal Cash Payback period in Years Alpha Initial Cost 51.472.000 55,678.900 $2.325.760 Annual Net Cash Inflow $351,145 $475,608 5704.490 Beta Gamma