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Cash Payback Period, Net Present Value Method, and Analysis Elite Apparel Inc. is considering two investment projects. The estimated net cash flows from each project are as follows: Retail Store Expansion Year Plant Expansion $114,000 134,000 92,000 64,000 55,000 $459,000 $136,000 112,000 96,000 87,000 28,000 $459,000 Total Each project requires an investment of $248,000. A rate of 10% has been selected for the net present value analysis Present Value of $1 at Compound Interest 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 0.890 0.826 0.797 0.756 0.694 3 0.840 0.751 0.712 0.658 0.579 0.792 0.683 0.636 0.572 0.482 5 0.747 0.621 0.567 0.497 0.402 6 0.705 0.564 0.507 0.432 0.335 0.665 0.513 0.452 0.376 0.279 0.627 0.467 0.404 0.327 0.233 0.592 0.424 0.361 0.284 0.194 10 0.558 0.386 0.322 0.247 0.162 Year6% Required: 1a. Compute the cash payback period for each project. Next Check My Work Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 0.943 0.909 0.893 0.870 0.833 2 0.890 0.826 0.797 0.756 0.694 3 0.840 0.751 0.712 0.658 0.579 0.792 0.683 0.636 0.572 0.482 0.402 0.705 0.564 0.507 0.432 0.335 0.279 4 0.497 0.567 0.621 0.747 6 0.376 0.452 0.513 0.665 0.627 0.467 0.404 0.327 0.23 8 9 10 0.558 0.386 0.322 0.247 0.162 0.592 0.424 0.361 0.284 0.194 Required: 1a. Compute the cash payback period for each project. Cash Payback Period Plant Expansion Retail Store Expansion 1b. Compute the net present value. Use the present value of $1 table above. If required, round to the nearest dollar. Retail Store Expansion Plant Expansion Present value of net cash flow total Less amount to be invested Net present value 2. Because of the timing of the receipt of the net cash flows, the offers a higher