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: Each project requires an investment of $191,000. A rate of 12% has been selected for the net present value analysis. Present Value of $1 at Compound Interest Required: 1a. Compute the cash payback period for each product. 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: Each project requires an investment of $191,000. A rate of 12% has been selected for the net present value analysis. Present Value of $1 at Compound Interest Required: 1a. Compute the cash payback period for each product