Print Item Cash Payback Period, Net Present Value Method, and Analysis Elite Apparel Inc. Is considering two investment projects. The estimated net cash flows from each project are as follows Year Plant Expansion Retail Store Expansion 450,000 500,000 250,000 180,000 1,700,000 $1,700,000 Each project requires an investment of $900,000. A rate of 15% has been selected for the net present value analysis. Present Value of $1 at Compound Interest Year 6% 10% 12% 1S% 20% ) 1 0.943 0.909 0.993 0870 0833 20.890 0826 0.97 0.69 3 0.840 0.751 0.712 658 0.579 4 0.792 0683 0.636 0572 0.482 0.747 0.621 0567097 0402 70.665 0.513 0.452 036 0.279 8 0.627 0467 0404 0327 0.233 90.592 0424 0.3610.84 0.592 0.424 0.361 0284 0 10 0.558 03860.322 0.247 0.162 Required 1a. Compute the cash payback period for each project Cash Payback Period Plant Expansion Retail Store Expansion tb. Compute the net present value. Use the present value of s1 table above. If required, round to the nearest dollar 10 more Check My Work uses remaining Check My Work work saved 7 6 5 4 3 .705 0.564 0.507 0.432 0.335 7 0.665 0.513 0452 0376 0.279 8 0.627 0.467 0.4040.32 0.233 .592 0.424 0.361 0284 0.194 10 0.558 0.386 0.322 0247 0162 Required: 1a. Compute the cash payback period for each project Cash Payback Period Plant Expansion Retail Store Expansion 1b. Compute the net present value. Use the present value of$1 table above. If required, round to the nearest dollar Retail Store Expansion Plant Expansion Present value of net cash flow total Less amount to be invested Net present value offers a higher 2. Because of the timing of the receipt of the net cash flows, the