Exercise $24-9($Static$)$ Payback period; net present value; unequal cash flows LO P$1,$ P$3$

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 $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

$\backslash$table$[[,$Net Cash Flows$],[$Year$,$Project $1,$Project $2],[$Initial investment,$$(60,000),$$$(60,000)$