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 $331,500 investment for new machinery with a four-year life and no salvage value. The project ylelds 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.) Problem 24-2A (Algo) Part 3 3. Compute Project Y 's accounting rate of return