plz show all work.

and can you do 1 through 5 plz.

P29 F G H K L B Loco 1 DISCUSSION BOARD PROBLEM-CHAPTER M11 2 3 Perigrine Company is planning to invest in one of two projects: 4 1. Project Y requires a $350,000 investment for new machinery 5 with a four-year life estimated useful life and no salvage value. 6.2. Project Z also requires a $350,000 investment for new 7 machinery with a three-year estimated useful life and no 8 salvage value 9 10 The company uses the straight-line depteciation to depreciate method 11 to depreciated its plant assets and cash flows occur evenly throughout the 12 year. 13 14 The two projects yield the following estimated annual results: 15 PROJECT Y PROJECTZ 16 SALES $350,000 $280,000 17 EXPENSES: 18 DIRECT MATERIALS $49,000 $35,000 19 | DIRECT LABOR 70,000 42,000 20 OVERHEAD (INCLUDING DEPRECIATION) 126,000 126,000 21 SELLING AND ADMINISTRATIVE EXPENSES 49,000 40,600 22 TOTAL EXPENSES $294,000 $243,600 23 NET INCOME $56,000 $36,400 24 25 REQUIRED (SHOW ALL WORK): 26 1. Compute each project's annual expected net cash flows. Note that depreciation expense is 27 included in calculating the Total Expenses for each project. (Round the net cash flows to the nearest dollar). 28 2. Compute each project's payback period. (Round the payback period to two decimal places). 29 3. Compute each project's accounting rate of retur. (Round the percentage return to one decimal place). 30 4. Compute each project' net present value using 8% as the discount rate. Use the Present Value Tables 31 in Appendix A in the textbook. For Requirement 4 only, assume that cash flows occur at the end of 32 each year. (Round the net present value to the nearest dollar). 33 5. Given the caculations you made in Requirements through 4 above, identify the project that you would 34 recommend to management, Project Y or Project Z, and explain your choice. 35 36 Remember to Show All Work. 1