Heip Save & Exit Check The following information applies to the questions displayed below. Company has an opportunity to invest in one of two new projects. Project Y requires a $305,000 investment for new machinery with a six year life and no salvage value. Project Z requires a $305,000 investment for new with a five-year life and no salvage value. The two projects yield the following predicted annual results. The compan uses straight-line depreciation, and cash flows occur evenly throughout each year.(PV of $1. F FVA of $1) (Use appropriate factor(s) from the tables provided.) machinery V of $1. PVA of $1, and Project Y Project 2 370,000 $296,000 Expenses Direct saterials Direct 1abor overhead including depreciation Selling and adninistrative expenses 51,800 37,000 74,000 44,400 33,200 133,200 26,00026,000 285,000 240,600 Total expenses Pretax incone Ineone taxes (38 Net income 55,400 32-30021,052 52,700 34,348 3. Compute each project's accounting rate of return. Accounting Rate of Return Choose Denoeminator Accounting Rate of average investmentAccounting rate of retum Project Ys Project Z 34,348 ? Prev 6 o 7 of 11 = Next >