DeVry UniversityACCT346 Weekly AssignmentWeek 7Proposal XProposal YInvestment$850,000$468,000Useful life8 years8 yearsEstimated annual net$125,000$78,000cash inflows for 8 yearsResidual value$40,000$ -Depreciation methodStraight-line Straight-lineRequired rate of return14%10%1a. How long is the payback period for Proposal X?6.80 YearsDirections: Your assignment this week is to answer the four questions below. Please note that Question #1 hasPart B. Please show your work for full creditand use the box provided. Please add more rows or columns to th
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1b. What is the accounting rate of return for Proposal Y?
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