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 of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Project Y Sales of new product $ 350, 090 Expenses Materials, labor, and overhead (except depreciation) 157, 580 Depreciation-Machinery 87, 580 Selling, general, and administrative expenses 49,090 Income $ 56, 090 Problem 11-2A (Static) Part 3 3. Compute Project Y's accounting rate of return. Accounting Rate of Return Numerator: Denominator: = Accounting rate of return Project YRequired 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 of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Project Y Sales of new product $ 350, 090 Expenses Materials, labor, and overhead (except depreciation) 157, 580 Depreciation-Machinery 87, 580 Selling, general, and administrative expenses 19, 080 Income $ 56, 080 Problem 11-2A (Static) Part 4 4. Determine Project Y's 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.) Present Value Net Cash Flows X of Annuity at Present Value of 3% Net Cash Flows Years 1-4 S Net present value