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 $320,000 investment for new machinery with a six-year life and no salvage value. Project Z requires a $320,000 investment for new machinery with a five-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.) Project Y Project z $350,000 $280,000 Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses Pretax income Income taxes (26%) Net income 49,000 35,000 70,000 42,000 126, eee 126,800 25,000 25,000 270,000 228,689 80,000 52,000 20,800 13,520 $ 59,200 $ 38,480 2. Determine each project's payback period, Payback Period Choose Denominator: Choose Numerator: Payback Period Payback period 0 0 Project Y Project 2 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 $320,000 investment for new machinery with a six-year life and no salvage value Project Z requires a $320,000 investment for new machinery with a five-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 OS (Use appropriate factor(s) from the tables provided.) Project Project $350,000 $280,000 Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses Pretax income Income taxes (26%) Net income 49,000 70,000 126,000 25,000 270,000 80,000 20,800 $ 59, 200 35,000 42,000 126,000 25,000 228.000 $2,000 13,520 $ 38,480 . Compute each project's accounting rate of return Accounting Rate of Return Choose Numerator: Choose Denominator: Accounting Rate of Return Accounting rate of return 0 0 Project Y Project 2 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 $320,000 investment for new machinery with a six-year life and no salvage value. Project Z requires a $320,000 investment for new machinery with a five 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 S1. FV of $1. PVA OLS1, and EVA of $1 (Use appropriate factor(s) from the tables provided.) Project Y Project 2 Sales $350,000 $250,000 Expenses Direct materials 49,900 35,000 Direct labor 70,000 42,000 Overhead including depreciation 126,000 126,000 Selling and administrative expenses 25,000 25,000 Tatal expenses 270, ece 228,00 Pretax income 80,000 52,800 Income taxes (26%) 20,800 13,520 Net income $ 59, 200 $ 38,450 4. Determine each project's net present value using 9% as the discount rate. Assume that cash flows occur at each year-end (Round your intermediate calculations.) Project Y Chart values are based on: n 1 Select Chart Amount X PV Factor Present Value $ 0 Net present value Project Z Chart values are based on: no 13 Select Chart Amount PV Factor Present Value S 0 Net present value