Complete problems 1-4 based on the following scenario. Crouch Corp. needs to decide which of two new projects to invest in. Project A is an investment in new machinery that will cost $264,000 and has a four-year life with no salvage value. Project B is an investment in new machinery that will cost $264,000 and has a three-year life with no salvage value. Using straight-line depreciation, Crouch Corp. predicts that the two projects will yield the following annual results, with cash flows occurring evenly throughout the year. Predicted Annual Results Project A ($) Project B ($) Sales 275,000 220,000 Expenses: Direct materials 38,500 27,500 Direct labor 55,000 33,000 Overhead including depreciation 99,000 99,000 Selling and administrative expenses 19,800 19,800 Total expenses 212,300 179,300 Pretax income 62,700 40,700 Income taxes (20%) 12,540 8,140 Net income 50,160 32,560 Complete the problems below. Add answers in this template and show your work. Problem 1 Compute the annual expected net cash flows for each project.