lOREASSIgnmentMain.do?invoker-assi Calculator Cash Payback Period, Net Present Value Method, and Analysis Elite Apparel Inc. is considering two investment projects. The estimated net cash flows from Year Plant Expansion Retail Store Expansion $129,000 106,000 91,000 83,000 26,000 $435,000 $108,000 127,000 87,000 61,000 52,000 $435,000 3 Total Each project requires an investment of S2 35,000. A rate of 10% has been selected for the net pre- Present Value of $1 at Compound Interest Year 690 1096 12% 150 20% 0.943 0.9090.893 0.8700.833 0.890 0.8260.797 0.756 0.694 3 0.840 0.751 0.712 0.658 0.579 4 0.792 0.683 0.636 0.572 0.48:2 5 0.747 0.621 0.567 0.497 0.402 6 0.705 0.564 0.507 0.432 0.335 7 0.665 0.513 0452 0.376 0.279 8 0.627 0.467 0.404 0.327 0.233 0.592 0.424 0.361 0.284 0.194 0.559 0.386 0.322 0.247 0.162 10 Required: 1a. Compute the cash payback pariod for each project