Instruction
1. Compute each project's annual expected net cash flows. (Round the net cash flows to the nearest dollar.)
2. Determine each project's payback period.(Round the payback period to two decimals.)
3. Compute each project's accounting rate of return.( Round the percentage return to one decimal.)
4. Determine each project's net present value using 8% as the discount rate. For part 4 only, assume that cash flows occur at each year-end.(Round the net present value to the nearest dollar.)