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Project Y requires a $342,000 investment for new machinery with a six-year life and no salvage value. The project yields the following annual results. Cash

image text in transcribed Project Y requires a $342,000 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, FV of $1, PVA of $1, and FVA of \$1) Note: Use appropriate factor(s) from the tables provided. 2. Determine Project Y's payback period

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