Each project requires an investment of $480000. A rate of 15% has been selected

Each project requires an investment of $480000. A rate of 15% has been selected for the net present value analysis.Present Value of $1 at Compound Interest
Year 6% 10% 12% 15% 20%
1 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
4 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
7 0.665 0.513 0.452 0.376 0.279
8 0.627 0.467 0.404 0.327 0.233
9 0.592 0.424 0.361 0.284 0.194
10 0.558 0.386 0.322 0.247 0.1621. a. Compute the cash payback period for each project.
b. Compute the net present value. Use the present value of $1 table
above. If required use the minus sign to indicate a negative net
present value.2. Prepare a brief report advising management on the relative merits
of each project. The input in the box below will not be graded but may
be reviewed and considered by your instructor.