answer the following question?

A company can buy a machine that is expected to have a three-year life and a $46,000 salvage value. The machine will cost $1,850,000 and is expected to produce a $216,000 annual income to be received at the end of each yeat. Annual depreciation expense is $614,000 per yeat, if a table of present values of $1 at 12% shows values of 0.8929 for one year, 0.7972 for two years, and 0.718 for three years, what is the net present value of the cash flows from the investment, discounted at 12% ? Multiple Choice 5176,320 5623,537 5661,676 $741507 $2.026,320 Porter Company is analyzing two potential investments. If the company is using the payback period method, and it requires a payback of three years or less, which project(s) should be selected Multiple Choice Project Y, Project x Both X and Y are acceptobie projects. Noither X nor Y is an acceptable project A project requires a $1,520,000 initial investment for new machinery. The project is expected to yield income of $110,000 per year and net cash flows of $304,000 per year for the next five years. The project's payback period is: Multiple Choice 5.0 years. 2.8 years. 13.8 years. 37 years. 5 A yeats