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( 1 ) Required information [ The following information applies to the questions displayed below. ] Project Y requires a $ 3 4 6 ,

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Required information
[The following information applies to the questions displayed below.]
Project Y requires a $346,500 investment for new machinery with a six-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 FVA of $1)
Note: Use appropriate factor(s) from the tables provided.
\table[[Annual Amounts,Project Y],[Sales of new product,$400,000
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