0.09 Required information [The following information applies to the questions displayed below.] Project Y requires a $340,500 investment for new machinery with a four-year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. (PV of $1. FV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses) Income Project Y $375,000 168,000 85,125 27,000 $ 94,875 2. Determine Project Y's payback period. Numerator: Project Y Payback Period Denominator: Payback Period