! Required Information [The following information applies to the questions displayed below.] Project Y requires a $350,000 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 3. Compute Project Y's accounting rate of return. Project Y Numerator: Accounting Rate of Return Denominator: Project Y $ 350,000 157,500 87,500 49,000 $ 56,000 E Accounting rate of return

Required Informetion [The following information appiles to the questions displayed below] Project Y requires a $350,000 investment for new machinery with a four-year itfe and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. (PV of \$1. EV of S1. PVA of \$1, and EVA of \$1) (Use oppropriate factor(s) from the tables provided.) 3. Compute Project Y's accounting rate of return