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 $316,500 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 51. FV of S1. PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project $ 385,000 Annual Amounta Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling, general, and administrative expenses Income 172,480 79, 125 28.000 $ 105,395 Problem 24-2A (Algo) Part 4 $385,000 Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 172,480 79,125 28,000 $ 105,395 Problem 24-2A (Algo) Part 4 4. Determine Project Y's net present value using 9% 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: na Select Chart Amount x PV Factor Present Value Net present value