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Part 2 Q1. Homegrown Investments, a private investment holding company, is searching for a new investment opportunity. Homegrown Investments has identified two potential investment opportunities: an upstart fast food chain and a growing organic grocery chain. Information for each investment follows: (8 Marks) Fast Food Chain Investment $975,000 Useful life (years) 15 Estimated annual net cash inflows for useful life $120,000 Residual value $50,000 Depreciation method straight-line Required rate of return 8% Organic Grocery Chain $1,500,000 15 $210,000 $100,000 straight-line 10% Present Value of $1 Periods 14 15 8% 0.340 0.315 10% 0.263 0.239 Present Value of Annuity of $1 Periods 8% 14 8.244 15 8.559 10% 7.367 7.606 Required: a. Calculate the net present value of the Fast Food Chain. b. Calculate the net present value of the Organic Grocery Chain c. Using the net present value method, which investment should Shaker select if it can select only one investment