Question 4 Mason Co. is evaluating two alternative investment proposals. Below are data for each proposal: Proposal A ($) Proposal B ($) Initial Investment cost 84,000 96,000 Estimated useful life 5 years 6 years Estimated salvage value 4,000 0 Estimated annual Net Cash flow 24,200 24,000 The company uses a discount rate of 12% in evaluating all capital investments. The company uses the straight-line depreciation method. Required 1.. Payback period 2.. Accounting Return of Return 3.. Net present value 4.. Profitability index. According to your analysis, which proposal appears to be the best investment? And why? Which method of evaluation should be emphasized in making this decision? Why