Problems 14 Complete problems 14 based on the following scenario. Crouch Corp. needs to decide which of two new projects to invest in. * Project A is an investment in new machinery.r that will cost $264,000 and has a fouryear l'rfe with no salvage value. ' Project B is an investment in new machinery that will cost $254,000 and has a threevear life with no salvage value. Using straightline depreciation, Crouch Corp. predicts that the two projects will vield the following annual results, with cash flows occurring evenl'j.r throughout the year. 2?5,000 Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses 212 300 1T0,300 Pretax income l02,200 40,?00 Income taxes [20%) 12 540 8 140 2 Net income 50,100 32,550 Complete the problems below. Add answers in this template and show your work. Problem 1 Compute the annual expected net cash flows for each project. Problem 2 Determine the payback period for each project. Problem 3 Compute the accounting rate of return for each project. Problem 4 Determine the net present value using 6% as the discount rate