Question: help me check why wrong. explain pls . answer in order so not confused Elite Apparel Inc. is considering two investment projects. The estimated net

Elite Apparel Inc. is considering two investment projects. The estimated net cash
help me check why wrong. explain pls. answer in order so not confused
flows from each project are as follows: 143,000 172,000 123,000 118,000 112,000

Elite Apparel Inc. is considering two investment projects. The estimated net cash flows from each project are as follows: 143,000 172,000 123,000 118,000 112,000 Year 1 2 3 4 5 Total Plant Expansion $175,000 35,000 $588,000 Retail Store Expansion $146,000 82,000 70,000 $588,000 Each project requires an investment of $318,000. A rate of 15% has been selected for the net present value analysis. Present Value of $1 at Compound Interest Year 1 2 3 4 5 6 7 8 9 10 Required: 6% 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 10% 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 12% 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 15% 0.870 0.756 0.658 0.572 0.497 0.432 0.376 0.327 0.284 0.247 20% 0.833 0.694 0.579 0.482 0.402 0.335 0.279 0.233 0.194 0.162 Compute the cash payback period for each project. Cash Payback Period Plant Expansion Retail store Expansion X 1b. Compute the net present value. Use the present value Of $1 table above. If required, round to the nearest dollar. Plant Expansion Total present value Of net cash flow Less amount to be invested Net present value 2. Because Of the timing Of the receipt Of the net cash flows, Retail Store Expansion 58,972 X the X Offers a higher

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