Payback is a tool that is frequently used to screen capital budget request. Althought is has some disadvantages, it is straightforward and easy to comprehend. Acme Dynamite Supply has received three proposals for equipment to expand their business. Information on each proposal is as follows: Proposal Z $600,000 Proposal X Proposal Y Initial investment $400,000 $425,000 Annual cash saved by operations: Year 1 125,000 150,000 Year 2 125,000 200,000 Year 3 125,000 225,000 Year 4 125,000 150,000 200,000 225,000 250,000 200,000 Required: a. Determine each proposal's payback. Show your answer in a table format. b. Identify the best proposal baased on Payback analysis. a. Yr. 1 Yr. 2 Yr. 3 Yr. 4 88 Payback b. Best