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: Year Plant Expansion Retail Store Expansion 1 $140,000 $117,000 2 115,000 138,000 3 99,000 94,000 4 90,000 66,000 28,000 57,000 Total $472.000 $472,000 Each project requires an investment of $255,000. A rate of 6% has been selected for the net present value analysis Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 0.943 0.909 0.893 0.870 0.833 2 0.590 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 0.492 0.402 5 0.705 0.564 0.507 0.432 0.335 2 0.665 0.513 0.452 0.376 0.279 B 0.627 0,467 0.404 0.327 0.233 9 0.592 0.424 0.361 0,284 0.194 0.558 0.386 0.322 0.247 0.162 Required: ia. Compute the cash payback period for each product Cash Payback Period Plant Expansion Retail Store Expansion 16. Coroute the set present value. Use the present value of $1 table above. It 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 ring of the cit of the cash flows, the offers a higher Alle