Problem 25-2A Analysis and computation of payback period, accounting rate of return, and net present value [The following information applies to the questions displayed belowl Most Company has an opportunity to Invest In one of two new projects. Project Y requires a $350.000 Investment for new machinery with a four-year life and no salvage value. Project Z requires a $350000 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-llne depreclaton, and cosh flows occur evenly throughout each year. (EV of $1, PV of $1. EVA of $1 and PNA of $10 Use appropriate factor(s) from the tables provided.) Project Y Project Z 390,000 345,000 Expenses 54,600 43,125 Direct materials 51750 Direct labor 78,000 140,400 155.250 Overhead including depreclation 28,000 31.000 Selling and administrative expenses 301 000 281,125 Total expenses 63,875 Pretax income 17885 Income taxes (28%) 24.920 64,080 45,990 Net Income