Required: 1. Compute each project's annual expected net cash flows. Project Y Project Z Net income Depreciation expense 2. Determine each project's payback period. Choose Numerator: Payback Period / Choose Denominator: 1 II Payback Period Payback period = 0 Project Y Project Z 0 3. Compute each project's accounting rate of return. Accounting Rate of Return Choose Numerator: Choose Denominator: Accounting Rate of Return / = = Accounting rate of return 0 Project Y Project Z 0 Chart values are based on: n = Select Chart Amount PV Factor Present Value = $ 0 Net present value Project Z Chart values are based on: ne Select Chart Amount PV Factor Present Value $ 0 Net present value