Problem 24-2A (Algo) Payback period, accounting rate of return, net present value, and net cash flow calculation LO P1, P2, P3 The following information applies to the questions displayed below.) Project Y requires a $334,500 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. Fof $1. PVA of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Project Sales of new product $365,000 Expenses Materials, labor, and overhead (except depreciation) 163,520 Depreciation Machinery 55,750 Selling, general, and administrative expenses 26,000 $ 119,730 Income Required: 1. Compute Project Y's annual net cash flows. Expected Income Revenues Expenses Expected Net Cash Flow 0 Net cash flow