The owner of Waco Waffle House is considering an expansion of the business. He has identified two alternatives, as follows: Build a new restaurant near the mall. Buy and renovate an old building downtown for the new restaurant. The projected cash flows from these two alternatives are shown below. The owner of the restaurant uses a 6 percent after-tax discount rate. Investment Cash Outflow: Net After-Tax Cash Inflows* Proposal Time e Years 1-10 Years 11-20 Mall restaurant $872,eee $78,500 $78,5ee Downtown restaurant 337,500 49,880 Includes after-tax cash flows from all sources, including incremental revenue, incremental expenses, and depreciation tax shield. Use Appendix A for your reference. (Use approprlete factor(s) from the tables provided.) Required: 1. Compute the net present value of each alternative restaurant site. 2. Compute the profitability index for each alternative. 3. How do the two sites rank in terms of NPV and the profitability index? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the profitability index for each alternative. (Round your answers to 2 decimal places.) Profitablility Index Mall restaurant Downtown restaurant