Problem-Capital Budgeting using Payback and Net Present Value: Central Trailer Supplyhas received two project proposals from company managers. The Company can only afford one of the projects because of Availability of Funds. The Company requires an 10% return on any investment. Project X Project Y Initial Investment 400,000 300,000 Annual cash saved from operations: Year 1 110,000 90,000 Year 2 110,000 140,000 Year 3 110,000 110,000 Year 4 110,000 100,000 Required: a. Determine the payback in years for each project. (show calculations for full credit) b. Determine the net present value in years for each project. (show calculations for full credit) Identify the best proposal based on your analysis