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Project Y requires a $306,000 investment for new machinery with a four-year life and no salvage value. The project yields the following annual results. Cash

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Project Y requires a $306,000 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.) Required: 1. Compute Project Y's annual net cash flows

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