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Project Y requires a $303,000 investment for new machinery with a six-year life and no salvage value. The project yields the following annual results. Cash

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Project Y requires a $303,000 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. EV of \$1. PVA of \$1, and FVA of \$1) (USe appropriate factor(s) from the tables provided.) 3. Compute Project Y's accounting rate of return

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