Week 4 html Check my work mode: This shows what is correct or incorrect for the work you have complet Required information The tollowing information applies to the questions displayed below Most Company has an opportunity to invest in one of two new projects. Project Y requires a $350,000 investment for new machinery with a four -year life and no salvage value. Project Z requires a $350,000 investment for new machinery with a three-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-ine depreciation, and cash flows occur Use appropriete factoris) from the tables provided.) evenly throughout each year. (PV o1 St EV of S1. PVA of S1, and FVA of S 5350, 5280,000 sales Expenses Direct ssterials Direct labor Overhead including depreciat Lon Selling and administrative expenses 49,090 35,00e 70,00042,08e 126,600 126,e09 25,00025,000 Total expenses Pretax i Income taxes (3en) Net Iscome 88,000 52,88 56,000 36,480 3. Compute each project's accounting rate of return. 3 Answer is complete but not entirely correct. Choose N Rate Annual average ncome Accounting rate of return 75,000 75,000 1000 |% 61250 40390 151.6 1%