Gonzalez Compary is considering two new projects with the following net cash. fiows. The company's required rele of retum on investments is $10\%,($PV of S$1,$ FV of $$1.$ PVA of $$1,$ and FVA of $$5)($Use appropriate factor$($s$)$ from the tables previded.$)$

$\backslash$table$[[$Year$,$Net Cash Flows$],[$Project $1,$Project $2],[$Inttial$,$investaent,, $),,)],[1.,,11,,35,008],[2.,,31,890,20,020],[3.,,2a,280,28,468]]$

a$.$ Compuse payback period tor each peject. Based an payback period, which project is preferred?

b$.$ Compute net present value for each project Based on net presant value, which project is preferred?

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Required A Aequited $s$ te $2$ decimal placesi$)$

$\backslash$table$[[$Yoar$,$Profect $1,$Arejet $2],[$Natcash Vawn,$\backslash$table$[[$Cumulatho Nist$],[$Canh Flown$]],\backslash$table$[[$Nat Cant$],[$rlanx$]],\backslash$table$[[$Cumalativo$],[$Mat Cash$],[$rienen$]]],[$nilal mersinon,$44,000,$crascop,$],[$Yaar $1],[$Yoat $2,,$D$,,2],[$Year $3,,$D$,,0],[$Paptakex pariod$],[$Puptect $1$ Paphadk period.,,year$],[,,$yean,,$],[,,,,]]$