Cash Payback Period, Net Present Value Method, and Analysis Elite Apparel Inc, is considering two investmant ated net cash flows from each project are as follows: Each project requires an investment of $294,000. A rate of 15% has been selected for the net present walue analiysis. 1a. Compute the cash payback period for each project. 1b. Compute the net present value. Use the present value of $1 table above. If required, round to the nearest dollar