Garcia Company can invest in one of two alternative projects. Project Y requires a $400,000 initial investme machinery with a four-year life and no salvage value. Project Z requires a $420,000 initial investment for nev with a three-year life and no salvage value. The two projects yield the following annual results. Cash flows of within each year. (PV of $1, FV of $1, PVA of $1, and FVA of \$1) (Use appropriate factor(s) from the tables pro Required: 1. Compute each project's annual net cash flows. 2. Compute each project's payback period. If the company bases investment decisions solely on payback per project will it choose? 3. Compute each project's accounting rate of return. If the company bases investment decisions solely on acc return, which project will it choose? 4. Compute each project's net present value using 6% as the discount rate. If the company bases investment solely on net present value, which project will it choose? Complete this question by entering your answers in the tabs below