The owner of Zivanov's Pancake House is considering an expansion of the business. He has identified two alternatives, as folows: 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 12 percent after-tax discount rate. Net After-Tax Cash Inflows Investment Cash Outflow: Time 0 $590,500 270,000 Proposal Years 1-10 $83.000 52.000 Years 11-20 Mall restaurant Downtown restaurant $83.000 Includes after-tax cash flows from all sources, inoluding incremental revenue, incremental expenses, and depreciation tax shield. Use AppendixA for your reference. (Use appropriate factor(s) from the tables provided.) Required: 1. Compute the net present value of each alternative restaurant site. (Round your final answers to the nearest dollar.) Value Mall restaurant Downtown restaurant 2. Compute the profitability index for each alternative. (Round your answers to 2 decimal places.) Mall restaurant Downtown restaurant 3. How do the two sites rank in terms of NPV and the profitability index? Mall restaurant Downtown restaurant