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 $310,000 investment for new machinery with a five-year life and no salvage value. Project Z requires a $310,000 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 FVA of $1) (Use appropriate factor(s) from the tables provided.) 13 Project Y Project $370,000 $296, ege Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses Pretax income Income taxes (28%) Net income 51,800 74,000 133,200 26,000 205,000 85,000 23, 800 $ 61,200 37,000 44,400 133,200 26,080 240.500 55,400 15,512 $ 39,888 ces 3. Compute each project's accounting rate of return Accounting Rate of Return Choose Numerator Choose Denominator: Accounting Rate of Return Accounting rate of return DAV Prey 1 2 of 3 8 Next >