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please help with Q2!!!! Required information [The following information applies to the questions displayed below.) Most Company has an opportunity to invest in one of

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Required information [The following information applies to the questions displayed below.) Most Company has an opportunity to invest in one of two new projects. Project Y requires a $335,000 investment for new machinery with a five-year life and no salvage value. Project Z requires a $335,000 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 occur evenly throughout each year. (PV of $1. FV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Project Y Project 2 Sales $390,000 $312,000 Expenses Direct materials 54,600 39,000 Direct labor 78,000 46,800 Overhead including depreciation 140,400 140,400 Selling and administrative expenses 28,000 28,000 Total expenses 301,000 254,200 Pretax income 89,000 57,800 Income taxes (32) 28,480 18,496 Net income $ 60,520 $ 39,304 Overhead including depreciation Selling and administrative expenses Total expenses Pretax income Income taxes (328) Net income 140,400 28,000 301,000 89,000 28,480 $ 60,520 140,400 28,000 254,200 57,800 18,496 $ 39, 304 2. Determine each project's payback period. Payback Period Choose Denominator: Choose Numerator: Payback Period Payback period 0 = Project Y Project Z 0

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