Chapter 24 Exercises: 45 pts Help Save $ Exit Submit Check my work 12 Exercise 24-9 (Static] Payback period; net present value; unequal cash flows LO P1, P3 5.66 Gonzalez Company is considering two new projects with the following net cash flows. The company's required rate of return on investments is 10% (PV of $1. FV of $1, PVA of $1, and EVA of $1) (Uve appropriate factor(s) from the tables provided.) Net Cash Flows Year Project 1 Project 1 Initial tovestment $ (60,090) Print 1. 30,090 35,030 30,609 References 3. a. Compute payback period for each project. Based on payback period, which project is preferred? b. Compute net present value for each project. Based on net present value, which project is preferred