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abri Wrap Test Paste Mergea ce Clipboard IN Alignment A3 X Problem-Capital Budgeting using Payback and Net Present Value: 8 Central Trailer Supplyhas received two project proposals from company managers. The Company can only afford one of the projects because of Availability of Funds 10 The Company requires an 10% return on any investment. 11 Project X Proiecte Initial Investmen 400,000 300,000 Annual cash saved from operations: 15 Year 1 110,000 90,000 16 Year 2 110,000 140,000 17 Year 3 110,000 110,000 Year 4 110,000 100,000 14 16 20 Required 21 22 a. Determine the payback in years for each project (show calculations for full credit) b. Determine the net present value in years for each project (show calculations for full credit) 24 25 28 27 Identify the best proposal based on your analysis, 28 28 30 31 ACC2020 Problems 0 Type here to search Problem Capital Budgeting using Payback and Net Present Value: Central Trailer Supply has received two project proposals from company managers. Both projects have a 4-year life. The Company requires an 8% return on any investment. Project X Project Y Initial Investmen 70,000 60,000 Annual cash saved from operations: Year 1 22,000 12,000 Year 2 22,000 20,000 Year 3 22,000 18,000 Year 4 22,000 14,000 Required: a. Determine the payback in years for each project: (show calculations for full credit) b. Determine the net present value in years for each project. (show calculations for full credit) Identify the best proposal based on your analysis