Please answer the questions and explain step by step the math behind it

Required information Problem 24-2A Analysis and computation of payback period, accounting rate of return, and net present value LO P1, P2, P3 [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 $325,000 investment for new machinery with a four-year life and no salvage value. Project Z requires a $325,000 investment for new machinery with a three-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year. (PV of $1, FV of $1, PVA of $1, and FVA of $1 ) (Use appropriate factor(s) from the tables provided.) Project Y Project Z $370,000 $296,000 Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses Pretax income Income taxes (30%) Net income 51,800 74,000 133,200 26,000 285,000 85,000 25,500 $ 59,500 37,000 44,400 133,200 26,000 240, 600 55,400 16,620 $ 38, 780 Problem 24-2A Part 1 Problem 24-2A Part 1 Required: 1. Compute each project's annual expected net cash flows. Project Y Project Z 2. Determine each project's payback period. Payback Period Choose Denominator: Choose Numerator: Payback Period Payback period 1 Project Y Project Z Problem 24-2A Part 3 3. Compute each project's accounting rate of return. Accounting Rate of Return Choose Numerator: Choose Denominator: Accounting Rate of Return Accounting rate of retum 7 = Project Y Project Z Problem 24-2A Part 4 4. Determine each project's net present value using 6% as the discount rate. Assume that cash flows occur at each year-end. (Round your intermediate calculations.) Project Y Chart values are based on: es n = Select Chart Amount X PV Factor E Present Value Net present value Project z Chart values are based on: n = i = Select Chart Amount PV Factor Present Value Net present value es Project Z Chart values are based on: n = 1 = Select Chart Amount PV Factor Present Value Net present value