Mac Company is considering Investing in two different projects, Stout and Boise. The company requests our help analyzing accounting data to ensure it makes the right investment decision. The Tableau Dashboard is provided for our analysis. Initial Investment per Project Stout Bolso Stout Initial investment: $24,000 Initial Investment per Project Stout Boise Boise Initial Investment: $30,000 Net Cash Flows per Project Boise Stout $8,000 $4,000 Year 1 $8,000 Year 2 $9,000 $8,000 Year 3 $13,000 $8,000 Year 4 $20,000 $8,000 Year 5 $18,000 $a $o $20,000 $15,000 $10,000 $5,000 Net Cash Flows (Stout) ** tableau $5,000 $10,000 $15,000 $20,000 Net Cash Flows (Boise) Te To 1(a). Compute the payback period for Stout project. 1(b). Compute the payback period for Boise project. 2. Based on payback period, which project is preferred? Compute the payback period for Stout project. (Cash outflows and cumulative net cash outflows must be entered with a minus sign.) Stout Net Cash Flows Cumulative Net per Year Cash Flows Initial investment Year 1 Year 2 Year 3 Year 4 Year 5 Payback period Compute the payback period for Bolse project. (Cash outflows and cumulative net cash outflows must be entered with a minus sign. Round your Payback period answer to 1 decimal place.) Bolse Net Cash Flows Per Year Cumulative Net Cash Flows Initial investment Year 1 Year 2 Year 3 Year 4 Year 5 Payback period