when previously asked the answer i was given is 22070 and 18230 and that is incorrect.

PR 16-53 (Algo) Ranking Investment Proposals; NPV versus Profltabillty Index; Taxes (Section 2) (LO 16-4, 16-6, 16-7) [The following Information applles to the questions displayed below.] The owner of Waco Waffle House Is considering an expansion of the business. He has Identified two alternatlves, as follows: - Bulld a new restaurant near the mall. - Buy and renovate an old bullding downtown for the new restaurant. The projected cash flows from these two alternatlves are shown below. The owner of the restaurant uses a 16 percent after-tax discount rate. * Includes after-tax cash flows from all sources, Including Incremental revenue, Incremental expenses, and depreclation tax shield. Use Appendix A for your reference. Note: Use approprlate factor(s) from the tables provlded. 16-53 (Algo) Part 1 Compute the net present value of each alternative restaurant site. qulred: Compute the net present value of each alternatlve restaurant site. Compute the profitability Index for each alternative. How do the two sites rank in terms of NPV and the profitability Index? Complete this question by entering your answers in the tabs below. ompute the net present value of each alternative restaurant site. ote: Round your final answers to the nearest dollar