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 yields the following annual results. Cash flows occur evenly within each year. (PV of \$1, EV of \$1. PVA of \$1, and EVA of Si) (Use appropriate factor(s) from the tables provided.) Problem 24-2A (Algo) Part 2 2. Determine Project Y's payback period