J-Croft is thinkin about two investment projects. The estimated net cash flows from each project are as follows:

Year	Plant Expansion		Retail Store Expansion
1	$118,000		$99,000
2	97,000		116,000
3	84,000		80,000
4	76,000		56,000
5	23,000		47,000
Total	$398,000		$398,000

the projects need $215,000. A rate of 12% has been selected for the net present value analysis.

Present Value of $1 at Compound Interest
Year	6%	10%	12%	15%	20%
1	0.943	0.909	0.893	0.870	0.833
2	0.890	0.826	0.797	0.756	0.694
3	0.840	0.751	0.712	0.658	0.579
4	0.792	0.683	0.636	0.572	0.482
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
8	0.627	0.467	0.404	0.327	0.233
9	0.592	0.424	0.361	0.284	0.194
10	0.558	0.386	0.322	0.247	0.162

1a. Compute the cash payback period for each project.

	Cash Payback Period
Plant Expansion	2 years
Retail Store Expansion	2 years

Find the net present value. You must use the present value of $1 table above. Make sure to round to the nearest dollar.

	Plant Expansion	Retail Store Expansion
Total present value of net cash flow
Less amount to be invested	-215000	-215000
Net present value