PROBLEM 25-2A Cash payback period, net present value method, and analysis 1 EXCEL TEMPLATE Elite Apparel Inc. is considering two investment projects. The estimated net cash flows from each project are as follows: Year Plant Expansion Retail Store Expansion 450,000 450,000 340,000 280,000 180,000 1,700,000 500,000 400,000 350,000 250,000 200,000 $1,700,000 4 Total Each project requires an investment of $900,000. A rate of 15% has been selected for the net present value analysis. Instructions 2 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)