\$1, and FVA of \$11 Note: Use appropriate factor(s) from the tables provided. Required: 1. Compute each project's annual net cash flows. 1. Compute each project's annual net cash flows. it choose? 3. Compute each project's accounting rate of return. If the company bases investment decisions solely on accounting rate of return, which project will it choose? 4. Compute each project's net present value using 6% as the discount rate. If the company bases investment decisions solely on net present value, which project will it choose? Complete this question by entering your answers in the tabs below. Compute each project's annual net cash flows. net present value, which project will it choose? Complete this question by entering your answers in the tabs below. Compute each project's annual net cash flows. \begin{tabular}{l|l|c|c|c|c|} \hline \multicolumn{1}{|c|}{ Numerator: } & Payback Period \\ & & & Denominator: \\ \hline & & & & Payback period \\ \hline & & & & \\ \hline \end{tabular} Compute each project's accounting rate of return. If the company bases investment decisions solely on accounting rate of retum, which will it choose? 4. Compute each project's net present value using 6% as the discount rate. If the company bases inves net present value, which project will it choose? Complete this question by entering your answers in the tabs below. Compute each project's net present value using 6% as the discount rate. If the company bases investment dec net present value, which project will it choose? Note: Do not round intermediate calculations. Round your present value factor to 4 decimals and final answers whole dollar. w(t+1)/1=a Table B2 Futare Value of 1 f=(1+i)m Table B.3'Present Value of an Annuity of 1 p=[11/(1+i)n]i Table B.43Future Value of an Annuity of 1 f=[(1+i)n1]/i Garcia Company can invest in one of two alternative projects. Project Y requires a $400,000 initial investment for new machinery with a four-year life and no salvage value. Project Z requires a $402,000 initial investment for new machinery with a three-year life and no salvage value. The two projects yield the following annual results. Cash flows occur evenly within each year. (PV of \$1, FV of \$1. PVA of \$1, and EVA of \$1) Note: Use appropriate factor(s) from the tables provided