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 $145,000 119,000 102.000 $121.00 100 98.000 68,000 SO Each project requires an investment of $264,000. A rate of 10% has been selected for the net present value analysis. Year Present Value of $1 at Compound Interest 1% 0% 12% 15% 20% 0.93 0.909 0.89 0.70 0.833 0.797 0.712 0.579 0.658 0.572 0.636 0.335 0.40 0.792 0.747 0.705 0.665 8 0.627 0.592 100 .558 Required: 0.75 0.683 0.621 0.564 0.513 0.467 0.424 0.386 0.432 0.375 0.327 0.404 0.361 0.322 0.233 0.194 0.162 0.247 1a. Compute the cash payback period for each project. Cash Payback Period Retail Store Expansion 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 Expansio Total present value of net cash flow Less amount to be invested offers a 2. Because of the timing of the receipt of the net cash flows, the higher