Aikman Company has an opportunity to invest in one of two projects. Project Arequires a $240,000 investment for new machinery with a four-year life and no salvage value. Project B also requires a $240,000 investment for new machinery with a three-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year. Project B Project A 5250.000 $200,000 Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Totale Protas income Income 2017 Not Income 35,000 50.000 90.000 18.000 193.000 57.000 17.100 $ 39.900 25,000 30,000 90.000 18,000 163,0 37,000 11,100 $25.900 Required 1. Compute each project's annual expected net cash flows. (Round net cash flows to the nearest dollar) 2. Determine each project's payback period (Round the payback period to two decimals.) 3. Compute each project's accounting rate of return. (Round the percentage return to we decimal.) 4. Determine each project's net present value using 8% as the discount rate. For part 4 only, assume that cash flowx occur at each year-end. (Round net present value to the nearest dollar.) Analysis Component 5. Identify the project you would recommend to management and explain your choice