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 $322,500 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 or $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Project Sales of new product 5 380,00 Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling, general, and administrative expenses $ 102,135 Income 178,240 80,625 27.000 Problem 24-2A (Algo) Part 4 Check my work Problem 24-2A (Algo) Part 4 4. Determine Project Y's net present value using 6% 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) Project Chart values are based on -49 6% Amount X 182.700 PV Factor Select Chart Present Value of an Annuity of 1 Present Value $ $ Present value of cash inflows Initial investment Net present value