Hopkins Co. is evaluating two alternative investment proposals. Below are data for each proposal: (Total of 8 extra credit point value - 1 point each for correct answer to a through d, and 2 points each for correct answers to e and f). Proposal A $84,000 Proposal B $96,000 Initial investment cost 5 years 6 years $4,000 -0-1 Estimated useful life Estimated salvage value Estimated annual net income $8,200 $8,000 All revenue and expenses other than depreciation will be received and paid in cash. The company uses a discount rate of 12% in evaluating all capital investments. Compute the following for each proposal (round payback period to the nearest tenth of a year and round return on average investment to the nearest tenth of a percent): Proposal B $ Proposal A (a) Annual net cash flow: $ (b) Payback period (in years) (c) Average investment $ (d) Return on average investment % (e) Net present value $ EA % $ (f) Based on your analysis, explain why one specific proposal appears to be the best investment