I am having trouble with this question. Thank you very much for your help!

Garcia Company can invest in one of two alternative projects. Project Y requires a $420,000 initial investment for new machinery with a four-year life and no salvage value. Project Z requires a $432,000 initial investment for new machinery with a three-year life and no salvage value. The two projects yield the following annual results. Cash flows occur evenly within each year. (PV of $1, FV of $1, PVA of 530, 196,000 206,000 105,000 144,000 56,000 56,000 $ 73,000 124 , Required 1 Required 2 Required 3 Required 4 Compute each project's accounting rate of return. If the company bases investment decisions solely on accounting rate of return, which project $1, and FVA of $1) Note: Use appropriate factor(s) from the tables provided. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) DepreciationMachin ery Selling, general, and administrative expenses I ncome Required: 1. Compute each project's annual net cash flows. Project Y $ 430,000 Project Z will it choose? Numerator: Project Y Project Z Accounting Rate of Retum Denominator: Accounting rate of return If the company bases investment decisions solely on accounting rate of retum, which project will it choose? 2. Compute each project's payback period. If the company bases investment decisions solely on payback period, which project will it choose? 3. Compute each project's accounting rate of return. If the company bases investment decisions solely on accounting rate of return, which project will it choose? 4. Compute each project's net present value using 7% as the discount rate. If the company bases investment decisions solely on net present value, which project will it choose? Required I Required 2 Required 3 Required 4 Compute each project's net present value using 7% as the discount rate. If the company bases investment decisions solely on net present value, which project will it choose? Note: Do not round intermediate calculations. Round your present value factor to 4 decimals and final answers to the nearest Required 1 Required 2 Required 3 Required 4 Compute each project's annual net cash flows. nnual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) DepreciationMachinery Selling, general, and administrative expenses Income Net cash flow Income Project Y Cash Flow Income Project Z Cash Flow whole dollar. Project Y Years 1-4 Net present value Project Z Years 1-3 Net present value Net Cash Flows Net Cash Flows x x Present Value of Annuity at 7% resent a ue of Annuity at 7% Present Value of Net Cash Flows Present Value of Net Cash Flows 430,000 $ 196,000 105,000 56,000 73,000 430,000 430,000 206,000 144,000 56,000 (406,000) If the company bases investment decisions solely on net present value, which project will it choose? Required 1 Required 2 Required 3 Required 4 Compute each project's payback period. If the company bases investment decisions solely on payback period, which project will it choose? Payback Period Denominator: Numerator: Project Y Project Z Payback period If the company bases investment decisions solely on payback period, which project will it choose?