choices for numerator and denominator for part 1: accounts receivable, annual after-tax income, annual average investment, annual pre-tax income, average total assets, COGS, current assets, current liabilities, net sales, and total asets

Required information {The following information applies to the questions displayed below.) Most Company has an opportunity to invest in one of two new projects. Project Y requires a $335,000 investment for new machinery with a five-year life and no salvage value. Project Z requires a $335,000 investment for new machinery with a four-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. (PV of $1. FV of $1. PVA of $1. and FVA of $1 (Use appropriate factor(s) from the tables provided.) Project Project $390,000 $312,000 Sales penses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses Pretax incon Theone taxes (305) Net income 54,600 39,000 78,000 46,800 140,400 140,400 28,000 28,000 301,000 254,200 89,000 57,800 26,700 17.340 $ 62,300 $ 40,460 3. Compute each project's accounting rate of return. Accounting Rate of Return Choose Numerator 1 Choose Denominator: Accounting Rate of Return Accounting rate of return Project Y Project z 0 4. Determine each project's net present value using 9% as the discount rate. Assume that cash flows occur at each year-end (Round your intermediate calculations.) Project Chart values are based on: Deloct Chant Amount PV Factor Present Value $ Net present value Project 2 Chart values are based on: Select Chart Amount X PV Factor Present Value $ 0 Not present value