(Payback period and NPV calculations) Plato Energy is an oil and gas exploration and development company located in Farmington, New Mexico The company drills shallow wells in hopes of finding significant oil and gas deposits. The firm is considering two different drilling opportunities that have very different production potentials. The first is in the Barnett Shale region of central Texas and the other is in the Gulf Coast . The Bamett Shale project requires a much larger initial investment but provides cash flows (if successful) over a much longer period of time than the Gulf Coast opportunity. In addition the longer life of the Barnett Shale project also results in additional expenditures in year 3 of the project to enhance production throughout the projects 10-year expected life. This expenditure involves pumping either water or Co, down Into the weils in order to increase the flow of oil and gas from the structure. The expected cash flows for the two projects are as follows JARI 3. Given the cash flow information in the table, the payback period of the Barnett Shale project is years. (Round to two decimal places) . table Year 0 ON 1 Gulf Coast $(1,300,000 850,000 850,000 425,000 110,000 Barnett Shale $(4,600,000) 1,840,000 1,840,000 (920,000) 1,840,000 1,440,000 1,440,000 2 3 4 5 6 Print Done 20,000 420,VUO 1,840,000 110,000 5 1,440,000 6 1,440,000 1,440,000 800,000 9 450,000 10 90,000 tk on the icon in order to copy its contents into a spreadsheet.) ON 000 8 w Print Done CaSON hramanter circa