Year Plant Expansion $116,000 Retail Store Expansion 1 $97,000 113,000 2 94,000 3 82,000 78,000 4 74,000 54,000 47,000 5 23,000 Total $389,000 $389,000 Each project requires an investment of $210,000. A rate of 20% has been selected for the net present value analysis. Present Value of $1 at Compound Interest 10% Year 6% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 0.890 0.826 0.797 0.756 0.694 3 0.840 0.751 0.712 0.658 0.579 4 0.792 0.683 0.636 0.572 0.482 5 0.747 0.621 0.567 0.497 0.402 6 0.705 0.564 0.507 0.432 0.335 7 0.665 0.513 0.452 0.376 0.279 00 0.627 0.467 0.404 0.327 0.233 9 D 0.592 0.424 0.361 0.284 0.194 10 0.558 0.386 0.322 0.247 0.162 Required: 1a. Compute the cash payback period for each product. 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. 1b. Compute the net present value. Use the present value of $1 table above. If required, round to the nearest dollar. Plant Expansion Retail Store Expansion Present value of net cash flow total $ $ Less amount to be invested $ Net present value 2. Because of the timing of the receipt of the net cash flows, the offers a higher