4 ! Required information [The following information applies to the questions displayed below.] Part 3 of 4 Project Y requires a $334,500 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 FVA of $1) (Use appropriate factor(s) from the tables provided.) 10 points Project Y $ 395,000 eBook Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling, general, and administrative expenses Income 176,960 83,625 28,000 $ 106, 415 Print 3. Compute Project Y's accounting rate of return. Accounting Rate of Return 1 Denominator: Numerator: = Accounting Rate of Return Project Y