Most Company has an opportunity to invest in one of two new projects. Project Y requires a $315,000 investment for new machinery with a five-year life and no salvage value. Project Z requires a $315,000 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-line depreciation, and cash flows occar evenly throughout each year. (PV of $1. FV of $1. PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided.) Project Project 2 $400,000 $320,000 Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses Pretax income Income taxes (341) Het income 56,000 80,000 144,000 29.000 309,000 91,000 30.940 $ 60,060 40,000 48,000 144,000 29,000 261,000 59,000 20, 060 $ 38,940 3. Compute each project's accounting rate of return. Accounting Rate of Return Choose Denominator Choose Numerator Accounting Rate of Return Pray 1 2 of 3 Next > Present Value of 1 p=1/(1+i) Rate Periods 1% 2% 4% 5% 6% 7% 125 1 2 3 4 5 6 7 8 9 10 12 13 14 15 16 17 18 19 20 25 30 35 40 0.9901 09804 0.9803 0.9612 0.9706 0.9423 0.9610 0.9238 09515 0.9057 0.9420 0.8880 0.9327 0.8706 0.9235 0.8535 0.9143 0.8368 0.9053 0.8203 0.8963 0.8043 0.8874 0.7885 0.8787 0.7730 0.8700 0.7579 0.3613 0.7430 0.8528 0.7284 0.8444 0.7142 0.8360 0.7002 08277 0.6864 0.8195 0.6730 0.7798 0.6095 0.7419 0.5521 0.7059 0.5000 0.6717 0.4529 09709 09426 0.9151 0.8885 0.8626 0.8375 0.8131 0.7894 0.7664 0.7441 0.7224 0.7014 0.6810 0.6611 0.6419 0.6232 0.6050 0.5874 0.5703 0.5537 0.4776 0.4120 0.3554 0.3066 0.9615 0.9246 0.8890 0.8548 0.8219 0.7903 0.7599 0.7307 0.7026 0.6756 0.6496 0.6246 0.6006 0.5775 05553 0.5339 05134 0.4936 0.4746 0.4564 0.3751 0.3083 0.2534 0.2083 0.9524 0.9070 0.8638 0.8227 0.7835 0.7462 0.7107 0.6768 0.6446 0.6139 0.5847 0.5568 0.5303 0.5051 0.4810 0.4581 0.4363 0.4155 0.3957 0.3769 0.2953 0.2314 0.1813 0.1420 0.9434 0.8900 0.8396 0.7921 0.7473 0.7050 0.6651 0.6274 0.5919 0.5584 05268 0.4970 0.4688 0.4423 0.4173 0.3936 0.3714 0.3503 0.3305 0.3118 0.2330 0.1741 0.1301 0.0972 0.9346 0.8734 0.8163 0.7629 0.7130 0.6663 0.6227 05820 0.5439 05083 0.4751 0.4440 0.4150 0.3878 0.3624 0.3387 0.3166 02959 0.2765 0.2584 0.1842 0.1314 0.0937 0.0668 8% 9% 10% 15% 0.9259 0.9174 09091 0.8929 0.8596 0.8573 0.8417 08264 0.7972 0.7561 0.7938 0.7722 0.7513 0.7118 0.6575 0.7350 0.7084 0.6830 0.6355 0.5718 0.6806 0.6499 0.6209 05674 0.4972 06302 0.5963 0.5645 0.5066 0.4323 0.5835 05470 0.5132 0.4523 0.3759 05403 0.5019 0.4665 04039 03269 0.5002 0.4604 0.4241 0.3606 0.2843 0.4632 0.4224 0.3855 0.3220 0.2472 0.4289 0.3875 0.3505 0.2875 02149 0.3971 0.3555 0.3186 0.2567 0.1859 0.3677 0.3262 0.2897 0.2292 0.1625 0.3405 0.2992 0.2630 0.2046 0.1413 0.3152 0.2745 0.2394 0.1827 0.1229 0.2919 0.2519 0.2176 0.1631 0.1069 0.2703 0.2311 0.1978 0.1456 0.0929 0.2502 0.2120 0.1799 0.1300 00808 0.2317 0.1945 0.1635 0.1161 0.0703 0.2145 0.1784 0.1486 0.1037 0.0611 0.1450 0.1160 0.0923 0.0588 0.0304 0.0994 0.0754 0.0573 0.0334 0.0151 0.0676 0.0090 0.0356 0.0189 0.0075 0.0460 0.0318 0.0221 0.0107 0.0037 De complete profit Format you could semmo cum 5.000 years bum? Using the 12 ani (2 namericane 0356 You want to $2.734 de 800x500 ure Value of 1 f= (1+1) Rato Periods 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 15% 0 1.0000 1.0000 10000 10000 1.0000 1,0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1 1.0100 1.0200 1.0300 1.0400 1.0500 1.0600 1.0700 1.0800 1.0900 1.1000 1.1200 1.1500 2 1.0201 1.0404 1,0609 1.0816 1.1025 1.1236 1.1449 1.1664 1.1881 1.2100 1.2544 1.3225 3 1.0303 1.0612 1.0927 1.1249 1.1576 1.1910 1.2250 1.2597 1.2950 1.3310 1.4049 1.5209 4 1.0406 1.0824 1.1255 1.1699 1.2155 1.2625 1.3108 1.3605 1.4116 1.4641 1.5735 1.7490 5 1.0510 1.1041 1.1593 1.2167 1.2763 1.3382 1.4026 1.4693 1.5386 1.6105 1.7623 20114 6 1.0615 1.1262 1.1941 1.2653 1.3401 1.4185 1,5007 1.5869 1.6771 1.7716 1.9738 23131 7 1.0721 1.1487 1.2299 1.3159 1.4071 1.5036 1.6058 1.7138 1.8280 1.9487 22107 26600 8 1.0829 1.1717 1.2668 1.3686 1.4775 1.5938 1.7182 1.8509 1.9926 2. 1436 24760 3.0590 9 1.0937 1.1951 1.3048 1.4233 1.5513 1.6895 1.8385 1.9990 2.1719 2.3579 2.7731 3.5179 10 1.1046 1.2190 1.3439 1.4802 1.6289 1.7908 1.9672 21589 2.3674 2.5937 3.1058 40456 11 1.1157 1.2434 1.3842 1.5395 1.7103 1.8983 2.1049 23316 25804 2.8531 3.4785 4.6524 12 1.1268 1.2682 1.4258 1.6010 1.7959 2.0122 2.2522 25182 2.8127 3.1384 3.8960 5.3503 13 1.1381 1.2936 1.4685 1.6651 1.8856 2.1329 2.4098 2.7196 3.0658 3.4523 43635 6.1528 14 1.1495 1.3195 1.5126 1.7317 1.9799 22609 2.5785 2.9372 3.3417 3.7975 4,8871 7.0757 15 1.1610 1.3459 1.5580 1.8009 2.0789 2.3966 2.7590 3.1722 3.6425 4.1772 5.4736 8.1371 16 1.1726 1.3728 1.6047 1.8730 2.1829 25404 2.9522 3.4259 3.9703 4.5950 6.1304 9.3576 17 1.1843 1.4002 1.6528 19479 2.2920 2.6928 3.1588 3.7000 4.3276 5.0545 6.8660 10.7613 18 1.1951 1.4282 1.7024 2.0258 2.4066 28543 3.3799 3.9960 4.7171 5.5599 7.6900 123755 19 1.2081 1.4568 1.7535 2.1068 2.5270 3,0256 3.6165 4.3157 5.1417 6.1159 8.6128 142318 20 1.2202 1.4859 1.8061 2.1911 2.6533 3.2071 3.8697 46610 5.6044 6.7225 9.6463 16.3665 25 1.2824 1.6406 2.0938 26658 3.3864 4.2919 5.4274 6.8485 86231 10.8347 17.0001 329190 30 1.3478 1.8114 24273 3.2434 43219 5.7435 7.6123 10.0627 13.2677 17.4494 29.9599 662115 35 1.4166 1.9999 28139 3.9461 5.5160 7.6861 10.6766 14.7853 20.4140 28.1024 52.7996 133.1755 40 14889 2.2080 3.2620 4,8010 7.0400 10.2857 14.9745 21.7245 31.4094 45.2593 93.0510 267.8635 Uued to come the future value of new tamo. Forple What is the accurated aloofne day compounded quarterly the found in 2020 quay periode daquely relate of 2, the LARS9. The 450.000 AOX P= 1 - li (1 + i)" Present Value of an Annuity of 1 Rate SX 3% 6% 10% 23 7% 8% 15% 46% 9% 12% 18 Periods 1 0.9901 0.9804 0.9709 2 1.9704 19416 1.9135 3 29410 28839 28286 4 3.9020 3.8077 3.7171 5 48534 4.7135 4.5797 6 5.7955 5.6014 5.4172 7 6.7282 6.4720 6.2303 8 7.6517 7.3255 7.0197 9 8.5660 8.1622 7.7861 10 9.4713 8.9826 8.5302 11 10.3676 9.7868 9.2526 12 11.2551 10.5753 9.9540 13 12.1337 11.3484 10.6350 14 13.0037 12.1062 11,2961 15 13.8651 12.8493 11.9379 16 147179 13.5777 12.5611 17 15.5623 14 2919 13.1661 18 16. 3983 14.9920 13.7535 19 17.2260 15.6785 143238 20 18.0456 163514 14.8775 25 22.0232 19.5235 17.4131 30 258077 223965 19.6004 35 29.48 24.084 21.4872 10 328347 27.3555 23.1148 0.9615 1.8861 2.7751 3.6299 4.4518 5.2421 6.0021 6.7327 7.4353 8.1109 8.7605 9.3851 9.9856 10.5631 11.1184 11.6523 12. 1657 12.6593 13.1339 13.5903 15.6221 17.2920 11.6646 19.7928 0.9524 1.8594 2.7232 3.5460 43295 5.0757 5.7864 6.4632 7.1078 7.7217 8.3064 8.8633 9.3936 9.8986 10.3797 10.8378 16.2741 11.6896 12.0853 12 4622 14.0939 153725 16.3742 17.1591 0.9434 18334 2.6730 3.4651 42124 4.9173 5.5824 6.2098 68017 73601 78869 8.3838 88522 9.2950 9.7122 10.1059 10.4773 10.8276 11.1581 11.4699 12.7834 13.7648 164902 150463 0.9346 1.8080 2.6243 33872 4.1002 4.7665 5.3893 5.9713 6.5152 7.0236 7.4987 79427 83577 8.7455 9.1079 9.4466 9.7632 10.0591 10.3356 10.5940 11.6538 12.4090 12.0477 11.3317 0.9259 0.9174 0.9091 0.8929 0.8696 1.7833 1.7591 1.7355 1.6901 1.6257 2.5271 2.5313 2.4869 24018 2.2832 3.3121 3.2397 3.1699 3,0373 28550 3.9927 3.8897 3.7908 3.6048 3.3522 4.6229 4.4859 - 4.3553 4.1114 3.7845 5.2054 5.0330 4.8684 4.5638 4.1604 5.7466 5.5348 5.3349 4.9676 4.4873 6.2469 5.9952 5.7590 5.3282 4.7716 6.7101 6.4177 6.1446 5.6502 5.0188 7.1390 6.8052 6.4951 5.9377 5.2337 7.5361 7.1607 6.8137 6.1944 5.4206 7.9038 7.4869 7.1034 6.4235 5.5831 8.2442 7.7862 7.3667 6.6282 5.7245 8.5595 80607 76061 6,8109 58474 8.8514 8.3126 78237 6.9740 59542 9.1216 R5436 80216 7.1196 60472 9.3719 8.7556 8.2014 7.2497 61280 9.6036 8.9501 23649 7.3658 6.1982 9.8181 9.1285 8.5136 74694 6.2593 10.6708 98220 9.0770 78431 64641 11.2578 10.2737 94269 80552 6.5660 11.6546 105668 96442 8.1755 6.6166 11.9246 10.7574 97791 8241 6.6418 wood the vowegulee end of each Waliso 1000 per 10 years For-10), the PV641779.000 10 12.000 6.417