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Garcia Company can invest in one of two alternative projects. Project Y requires a $405,000...

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Accounting

Garcia Company can invest in one of two alternative projects. Project Y requires a $405,000 initial investment for new machinery with a four-year life and no salvage value. Project Z requires a $414,000 initial investment for new machinery with a three-year life and no salvage value. The two projects yield the following annual results. Cash flows occur evenly within each year. (PV of $1, FV of $1, PVA of $1, and FVA of $1)
Note: Use appropriate factor(s) from the tables provided.
\table[[Annual Anounts,Project Y,Project Z],[Sales of new product,$45,000,$432,000
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