PR 26-2A Cash payback period, net present value method, and analysis OBJ. 2,3 Elite Apparel Inc. is considering two investment projects. The estimated net cash flows from each project are as follows: Year 1 2 3 4 5 Total Plant Expansion $ 450,000 450,000 340,000 280,000 180,000 $1,700,000 Retail Store Expansion $ 500,000 400,000 350,000 250,000 200,000 $1,700,000 Each project requires an investment of $900,000. A rate of 15% has been selected for the net present value analysis. Instructions 1. Compute the following for each product: a. Cash payback period. b. The net present value. Use the present value of $1 table appearing in this chapter (Exhibit 2). Question 1 2 years Cash Payback Period for both projects 1 b Net Present Value for Plant Expansion Net Present Value for Retail Store Expansion Insert the appropriate amount