Required information Problem 11-2A (Static) 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 $350,000 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 0f $1, and EVA of S1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Project Sales of new product $ 350,000 Expenses Materials, labor, and overhead (except depreciation) 157,500 Depreciation Machinery 87.500 Selling general, and administrative expenses 49,00 Income $ 56,000 Problem 11-2A (Static) Part 3 Problem 11-2A (Static) Part 3 3. Compute Project Y's accounting rate of return Accounting Rate of Return Denominator: Numerator: Accounting rate of return Project Y