Exerclse $11-9($Algo$)$ Payback perlod; net present volue; 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 approprlate factor$($s$)$ from the tables provided.

$\backslash$table$[[,$Net Cash Flows$],[$Year$,$Project $1,$Project $2],[$Initial investment,$$(60,000),$$$(56,500)$