Most Company has an opportunity to invest in one of two new projects. Project Y requires a $310,000 investment for new machinery with a four-year life and no salvage value. Project Z requires a $310,000 investment for new machinery with a three-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur 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.) Required: 1. Compute each project?s annual expected net cash flows.2. Determine each project?s payback period.3. Compute each project?s accounting rate of return.4. Determine each project?s net present value using 9% as the discount rate. Assume that cash flows occur at each year-end