The capital investment committee of Iguana Inc. is considering two capital investments. The estimated operating income and net cash flows from each investment are as follows:YearRoboticAssembler Operating IncomeRoboticAssemblerNet Cash FlowWarehouseOperatingIncomeWarehouseNet Cash Flow$1$$$41,800$$$136,000$$$88,000$$$218,000241,800136,00067,000184,000341,800136,00033,000129,000441,800136,00015,00088,000541,800136,0006,00061,000$Total$$209,000$$$680,000$$$209,00$$$680,000$Each project requires an investment of $$440,000.$ Straight$-$line depreciation will be used, and no esidual value is expected. The committee has selected a rate of $15\%$ for the purposes of the net present value analysis.Present Value of $$1$ at Compound InterestYear$6\%0\mathrm{.}9430\mathrm{.}890345670\mathrm{.}8400\mathrm{.}7920\mathrm{.}7470\mathrm{.}7050\mathrm{.}66580\mathrm{.}62790\mathrm{.}592100\mathrm{.}55810\%0\mathrm{.}9090\mathrm{.}8260\mathrm{.}7510\mathrm{.}6830\mathrm{.}6210\mathrm{.}5640\mathrm{.}5130\mathrm{.}4670\mathrm{.}4240\mathrm{.}38612\%15\%0\mathrm{.}8930\mathrm{.}8700\mathrm{.}7970\mathrm{.}7560\mathrm{.}7120\mathrm{.}6580\mathrm{.}6360\mathrm{.}5720\mathrm{.}5670\mathrm{.}4970\mathrm{.}5070\mathrm{.}4320\mathrm{.}4520\mathrm{.}3760\mathrm{.}4040\mathrm{.}3270\mathrm{.}3610\mathrm{.}3220\mathrm{.}2840\mathrm{.}24720\%0\mathrm{.}833-0\mathrm{.}6940\mathrm{.}5790\mathrm{.}4820\mathrm{.}4020\mathrm{.}3350\mathrm{.}2790\mathrm{.}2330\mathrm{.}1940\mathrm{.}1621$a$.$ Compute the average rate of return for each investment. If required, round your answer to one decimal place.Investment CommitteeRobotic AssemblerWarehouseAverage Rate of Return$\%\%1$b$.$ Compute the net present value for each investment. Use the present value of $$1$ table above. If required, round to the nearest dollar. If required, use the minus sign to indicate a negative net present value.Line$-$Item DescriptionRobotic AssemblerWarehousePresent value of net cash flow$fill in the blank $3$filin the blank $4$Amount to be investedfill in the blank $5$fill in the blank $6$Net present value$$fill in the blank $7$fill in the blank $82.$ Prepare a brief report for the capital investment committee, advising it on the relative merits of the two investments. The robotic assembler has a fill in the blank $1$ of $3$ Smaller Larger net present value because cash flows occur fill in the blank $2$ of $3$ Earlier Later in time compared to the warehouse. Thus, if only one of the two projects can be accepted, filling in the blank $31$ of $3$ robotic assembler Warehouse would be the more attractive.