(40 points) Problem 3-Capital Budgeting using Net Present Value Analysis: Net Present Value is another frequently used tool to screen capital budget request. Use the same information to determine which are qualified projects and the preferred project under NPV. Acme requires a 10% return. All projects have a life of 4 years. (Use Table 3 in Appendix A of textbook.) Proposal X Proposal Y Proposal Z Initial investment $400,000 $425,000 $600,000 Annual cash saved by operations: Year 1 125,000 150,000 200,000 Year 2 125,000 200,000 225,000 Year 3 125,000 225,000 250,000 Year 4 125,000 150,000 200,000 Required: a. Determine each proposal's net Present Value. Show your answer in a table format. b. Identify the best proposal baased on NPV analysis. Yr. 1 Yr. 2 Yr. 3 Yr. 4 NPY b. Best