Ch 24 Homework 0 Saved 7.69 points Refe re nces Required information [T he following information applies to the questions displayed below. J Project Y requires a $307,500 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.) Annual Amounts Project Y Sales of new product $ 355,000 Expenses Materials, labor, and overhead (except depreciation) 159,040 DepreciationMachinery 76 , 875 Selling, general, and administrative expenses 25,000 Income $ 94,085 Required: 1. Compute Project Y's annual net cash flows. Raven USS Expenses Net cash ow Ch 24 Homework 0 Saved 7.69 points Refe re nces Required information [T he following information applies to the questions displayed below. J Project Y requires a $307,500 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.) Annual Amounts Project Y Sales of new product $ 355,000 Expenses Materials, labor, and overhead (except depreciation) 159,040 DepreciationMachinery 76 , 875 Selling, general, and administrative expenses 25,000 Income $ 94,085 2. Determine Project Y's payback period. _I l-I