Question 9

Required information Problem 24-2A (Algo) Payback period, accounting rate of return, net present value, and net cash flow calculation LO P1, P2, P3 [The following information applies to the questions displayed below.] Project Y requires a $318,000 investment for new machinery with a five-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.) Problem 24-2A (Algo) Part 4 Determine Project Y's net present value using 9% as the discount rate. (Do not round intermediate calculations. Round your resent value factor to 4 decimals and final answers to the nearest whole dollar.)