! 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 $343,500 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, EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Project Y $ 365,000 163,520 68,700 26,000 $ 106,780 Problem 24-2A (Algo) Part 3 3. Compute Project Y's accounting rate of return. Accounting Rate of Return Numerator: Denominator: Depreciation-Machinery Selling, general, and administrative expenses Income 68,700 26,000 $ 106,780 of 4 Problem 24-2A (Algo) Part 3 ok ences 3. Compute Project Y's accounting rate of return. Project Y Numerator: Accounting Rate of Return Denominator: Accounting Rate of Return