Please help me with answering this question

Ranking Investment Proposals: Payback Period, Accounting Rate of Return, and Net Present Value

Presented is information pertaining to the cash flows of three mutually exclusive investment proposals:

	Proposal X	Proposal Y	Proposal Z
Initial investment	$92,000	$92,000	$92,000
Cash flow from operations
Year 1	90,000	46,000	92,000
Year 2	2,000	46,000
Year 3	47,500	47,500
Disinvestment	0	0	0
Life (years)	3 years	3 years	1 year

(a) Select the best investment proposal using the payback period, the accounting rate of return on initial investment, and the net present value criteria. Assume that the organization's cost of capital is 14 percent.

• Round accounting rate of return four decimal places.

• Round net present value to the nearest whole number.

• Use negative signs with your answers, when appropriate.

	Proposal X	Proposal Y	Proposal Z	Best proposal
Payback period (years)	Answer 2	Answer 2	Answer 1	Answer Z
Accounting rate of return	Answer ?	Answer ?	Answer 0	Answer X
Net present value	Answer 20,547.45046	Answer 15,788	Answer -11,298	AnswerXYZX,YX,ZY,Z