Welsh Industries is evaluating two alternative Investment opportunitles. The controller of the company has prepared the following analysis of the two Investment proposals. Proposal A Proposal B $ 48e,88e 576,988 6 years Required investment in equipment Estimated service life of equipment Estimated salvage value Estimated annual cost savings (net cash flow) Depreciation on equipment (straight-line basis) Estimated increase in annual net income 5 years $80,9e0 198,99e 192,88e 96,00e 36,99e 96,8e0 Required a. For each proposed Investment, compute the following. Assume discounted at an annual rate of 10 percent Use Exh 26-4 where necessary (1) Payback perlod (2) Return on average Investment (3) Net present value b. Based on your computations In part a, which proposal do you consider to be the better Investment? and