Required information Problem 24-2A Analyzing and computing payback period, accounting rate of return, and net present value LO P1, P2, P3 [The following information applies to the questions displayed below.) Most Company has an opportunity to invest in one of two new projects. Project Y requires a $325,000 investment for new machinery with a six-year life and no salvage value. Project Z requires a $325,000 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 $1, and FVA of $1) (Use appropriate factor(s) from the table's provided.) Project Y Project z $355,000 $284,000 Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses Pretax income Income taxes (26%) Net income 49,700 35,500 71,000 42,600 127,800 127,800 25,000 25,000 273,500 239,900 81,500 58, 100 21,190 13,806 $ 60,310 $ 39,294 UUJU U Required information Select Chart Amount PV Factor Present Value = $ 0 Net present value Project 2 Chart values are based on: ns 1 = Select Chart Amount x PV Factor Present Value 11 $ 0 + Net present value Problem 24-2A Part 4 4. Determine each project's net present value using 10% as the discount rate. Assume that cash flows occur at each year-end (Round your intermediate calculations.) Project Y Chart values are based on: Select Chart Amount PV Factor Present Value $ 0 Net present value Project 2 Chart values are based on