I need help with question 8. I have one more try, but as you can see one of them is incorrect. Please explain using formulas and step-by-step.

Any help would be much appreciated.

Question 8 Partially correct Mark 1.85 out of 2.00 P Flag question Edit question Ranking Investment Proposals: Payback period, Accounting Rate of Return, and Net Present Value Presented is information pertaining to the cash flows of three mutually exclusive investment proposals: Proposal A Proposal B Proposal Initial investment $ 60,000 $60,000 $60,000 Cash flow from operations Year 1 50,000 30,000 60,000 Year 2 6,000 30,000 Year 3 29,000 25,000 Disinvestment Life (years) 3 years 3 years 1 year (a) Select the best investment proposal using the payback period, the accounting rate of return on initial investment, and the net present value criteria. Assume that the organization's cost of capital is 12 percent. Round payback period (years) to two decimal places. Round accounting rate of return to four decimal places. Round net present value to the nearest whole number. Use negative signs with your answers, when appropriate. Best proposal Payback period (years); Round answers 2 decimal places. Accounting rate of return; Round answers to 4 decimal places. Net present value; Round answers to nearest whole number. Proposal A 2.14 0.1389 10,068 Proposal B 2 0.1389 8,496 X $ Proposal 1 0 (6,428) A,B A $ $