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Project Y requires a $304,500 investment for new machinery with a six-year life and no salvage value. The project ylelds the following annual results. Cash

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Project Y requires a $304,500 investment for new machinery with a six-year life and no salvage value. The project ylelds 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.) 2. Determine Project Y's payback period

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