Required information [The following information applies to the questions displayed below.] Project Y requires a $310,500 investment for new machinery with a six-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 $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 Project Y $ 350,000 156,800 51,750 25,000 $ 116,450 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 Cash Flow $ 350,000 156,800 51,750 25,000 Required information [The following information applies to the questions displayed below.] Project Y requires a $310,500 investment for new machinery with a six-year life and no salvage value. T the following annual results. Cash flows occur evenly within each year. (PV of $1. FV of $1, PVA of $1, and 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 Project Y $ 350,000 156,800 51,750 25,000 $ 116,450 2. Determine Project Y's payback period. Project Y Numerator: Payback Period Denominator: = Payback Period = 0 Required information [The following information applies to the questions displayed below.] Project Y requires a $310,500 investment for new machinery with a six-year life and no salvage value. The project yield the following annual results. Cash flows occur evenly within each year. (PV of $1. FV of $1. PVA of $1, and EVA of $1) (U- 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 Project Y $ 350,000 156,800 51,750 25,000 $ 116,450 3. Compute Project Y's accounting rate of return. Project Y Numerator: Accounting Rate of Return Denominator: Accounting Rate of Return 0 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 Project Y $ 350,000 156,800 51,750 25,000 $ 116,450 4. Determine Project Y's net present value using 9% as the discount rate. (Do not round intermediate calculation present value factor to 4 decimals and final answers to the nearest whole dollar.) Years 1-6 Net present value Net Cash Flows Present Value x of Annuity at 9% = Present Value of Net Cash Flows = $ 0