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 $335,000 investment for new machinery with a five-year life and no salvage value. Project Z requires a $335,000 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-ine depreciation, and cash flows occur evenly throughout each year. (PV of S EVA of $1) (Use appropriate factor(s) from the tables provided.) 1. FV of S1, PVA of S1, and Project Y Project z 370,000 $296,000 Sales Direct materials Direct labor Overhead including depreciation Selling and administrative expenses 1,800 37,000 74,000 44,400 133,200 133,200 26,000 26,000 285,000240,600 55,400 Total 'expenses 85,000 30,600 Income taxes (36%) $ 54,400 35,456 3. Compute each project's accounting rate of return