2. Determine each project's payback period. Payback Period /Choose Denominator: Choose Numerator: Payback Period Payback period Project Y Project Z 3. Compute each project's accounting rate of return. Accounting Rate of Return Accounting Rate of Return Choose Numerator: Choose Denominator: Accounting rate of return Project Y Project Z 4. Determine each project's net present value using 6 % as the discount rate. Assume that cash flows occur at each year-end. (Round your intermediate calculations.) Project Y Chart values are based on: Select Chart Amount PV Factor Present Value Net present value Project Z Chart values are based on: n= Select Chart Amount PV Factor Present Value Net present value Required: 1. Compute each project's annual expected net cash flows. Project Y Project Z 33,984 Net income 52,160 Depreciation expense