! Required information Problem 11-2A (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 $330,000 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 ) Note: Use appropriate factor(s) from the tables provided. Problem 11-2A (Algo) Part 1 Required: 1. Compute Project Y's annual net cash flows. Sales of new product xpenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income $355,000 159,040 82,500 25,000 $88,460 Problem 11-2A (Algo) Part 1 Required: 1. Compute Project Y's annual net cash flows