Required information Problem 11-2A Analyzing and computing payback period, accounting rate of return, and net present value LO P1, P2, P3 The following asformation applies to the questions displayed below) Most Company has an opportunity to invest in one of two new projects Project Y requires a $330,000 investment for new machinery with a six-year life and no salvage value. Project Z requires a $330,000 investment for new machinery with a five-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 Si, and FVA of $1 ) (Use appropriate factor(s) from the tables provided.) Sales Expenses Direct materiale Direct labor Overhead Including depreciation selling and administrative expenses Total expenses Pretax incon Income taxes (408) Net Income Project Y Project $400,000 $320,000 56,000 40,000 80,000 48,000 144.000 144,000 29.000 29.000 309,000 261,000 91,000 59,000 26,400 22,600 $ 54,600 $ 35,400 Problem 11-2A Part 4 Problem 11-2A Part 4 4. Determine each project's net present value using 9% as the discount rate. Assume that cash flows occur at each year-end. (Round your intermediate calculations.) Project Y Chart values are based on: n= VE Select Chart Amount PV Factor +resent Value Nel present value Project 2 Chart values are based on Select Chart Amount PV Factor Present Value Net present value