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Project $Y$ requires a $$312,000$ investment for new machinery with a five$-$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)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Required:

Compute Project Y$\text{'}$s annual net cash flows.