Project Y requires a $334,500 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 $ 350,000 Expenses Materials, labor, and overhead (except depreciation) 156,800 DepreciationMachinery 83,625 Selling, general, and administrative expenses 25,000 Income $ 84,575 Required: 1. Compute Project Ys annual net cash flows. 2. Determine Project Ys payback period. 3. Compute Project Ys accounting rate of return. 4. Determine Project Ys net present value using 8% as the discount rate. (Do not round intermediate calculations. Round your present value factor to 4 decimals and final answers to the nearest whole dollar.)