Most company has an opportunity to invest In one of two new projects. Project Y requires a $350,000 Investment for new machinery with a five-year life and no value. Project z requires a $350000 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-llne depreciatlon, and cash flows occur evenly throughout each year. (FV of $1, PN of $1, FVA of $1 and PVA of $1 use appropriate factor(s) from the tables provided) Project Y Project z 365,000 292,000 Expenses 51100 36,500 43,800 Direct materials Direct labor Overhead Including depreclation 131.400 131,400 Selling and administrative expenses 26,000 26.000 Total expenses 281,500 237700 83,500 54,300 income taxes (28% 15,204 60120 39,096 Problem 25-2A Analysis and computation of payback period accounting rate of return, and net Present value LO P1, P2, P3 Problem 25-2A Part 1 empune each project s annual expected net cash flows O Ask me anything