Problem $24-3$A $($Algo$)$ Applying payback period,accounting rate of return, and net present valueLO P$1,$ P$2,$ P$3$

Please complete part $3$ and $4$ using the images below, please use correct chart format thank you.

Note: Use appropriate factor$($s$)$ from the tablesprovided.Annual AmountsSales of new productExpensesMaterials, labor, and overhead $($except depreciation$)$Depreciation$-$MachinerySelling, general, and administrative expensesIncomeRequired:Required $1$Years $1-41.$ Compute each project's annual net cash flows$\mathrm{.}2.$ Compute each project's payback period. If thecompany bases investment decisions solely onpayback period, which project will it choose?$3.$ Compute each project's accounting rate of return.If the company bases investment decisions solelyon accounting rate of return, which project will itchoose?$4.$ Compute each project's net present value using$6\%$ as the discount rate. If the company basesinvestment decisions solely on net present value,which project will it choose?Net present valueYears $1-3$Complete this question by entering your answers in thebelow.Required $2$Project YProject ZNet present valueRequired $3$Required $4$Compute each project's net present value using $6\%$ as thediscount rate. If the company bases investment decisionssolely on net present value, which project will it choose?Note: Do not round intermediate calculations. Round yourpresent value factor to $4$ decimals and final answers to thenearest whole dollar.Net Cash Flows xNet Cash FlowsXProject Y$ $450,000195,000100,00051,000$Present Valueof Annuity at$6\%$Previous$ $104,000$Present ValueAnnuity at$6\%$If the company bases investment decisions solely on net present value, whichproject will it choose?Present Value ofNet Cash FlowsProject Z$ $430,000$Present Value ofNet Cash Flows$190,000134,00045,000$Required$4>$$ $61,00000$ Garcia Company can invest in one of two alternativeprojects. Project Y requires a $$400,000$ initialinvestment for new machinery with a four$-$year lifeand no salvage value. Project Z requires a $$402,000$initial investment for new machinery with a three$-$yearlife and no salvage value. The two projects yield thefollowing annual results. Cash flows occur evenlywithin each year. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ andFVA of $$1)$Note: Use appropriate factor$($s$)$ from the tablesprovided.Annual AmountsSales of new productExpensesMaterials, labor, and overhead $($except depreciation$)$Depreciation$-$MachinerySelling, general, and administrative expensesIncomeRequired:Complete this question by entering your answers in the tabs below.Required $1$Required $2$Project YProject Z$1.$ Compute each project's annual net cash flows$\mathrm{.}2.$ Compute each project's payback period. If thecompany bases investment decisions solely onpayback period, which project will it choose?$3.$ Compute each project's accounting rate of return.If the company bases investment decisions solelyon accounting rate of return, which project will itchoose?Required $34.$ Compute each project's net present value using$6\%$ as the discount rate. If the company basesinvestment decisions solely on net present value,which project will it choose?Required $4$Numerator:Project Y$ $450,000195,000100,00051,000$Accounting Rate of ReturnDenominator:$ $104,000$PreviousProject Z$ $430,000$Compute each project's accounting rate of return. If the company bases investment decisions solely on accounting rate of return, wh$190,000134,00045,000$$ $61,000$If the company bases investment decisions solely on accounting rate of return, which project will it choose?Required $4$Accounting rate of return$00$