Problem 25-2A A value LO P1, P2, P3 (The following information applies to the questions displayed below nalysis and computation of payback period, accounting rate of return, and net present an opportunity to invest in one of two new projects. Project Y requires a $300,000 investment for nevw machinery with a five-year life and no salvage value. Project Z requires a $300,000 investment for new four-year life and no salvage value. The two projects yield the following predicted annual results. The company uses he depreciation, and cash flows occur evenly throughout each year. (PV of S1. EV ot S1. EVA ot S1, and EVA ot S1 ) (Use appropriate factor(s) from the tables provided.) Sales Expenses Direct materials Direct labor Overhead including depreciation 75,000 45,000 135,000 135,080 27,000 27,0e0 Pretax income Income taxes (34%) 85,500 55,500 29,870 18,878 556,43036,6.30 Problem 25-2A Part 4 4, Determine each project's net present value using 8% as the discount rate. Assume that cash flows occur at each year-end. (Round Project Y Chart v