Required information Problem 26-2A (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. FV of $1, PVA of $1, and FVA 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 lem 26-2A (Algo) Part 1 red: pute Project Y's annual net cash flows. al amounts of new product ises erials, labor, and overhead (except depreciation) reciation-Machinery ling, general, and administrative expenses e ish flow Project Y $375,000 168,000 82,875 27,000 $ 97,125 Income Cash Flow $ 375,000 168,000 82,875 27,000 $ 97,125 0 Required: 1. Compute Project Y's annual net cash flows. Annual amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Net cash flow