Required information [The following information applies to the questions displayed below.) Project Y requires a $313,500 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, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project Y $ 355,000 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 159,040 52, 250 25,000 $ 118,710 Required: 1. Compute Project Y's annual net cash flows. Expected Income Revenues Expenses 0 Expected Net Cash Flow 0 Net cash flow Required information (The following information applies to the questions displayed below.] Project Y requires a $313,500 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, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project Y $ 355,000 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 159,040 52, 250 25,000 $ 118,710 2. Determine Project Y's payback period. Payback Period Numerator: 1 Denominator: / Payback Period Project Y = Required information [The following information applies to the questions displayed below.] Project Y requires a $313,500 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, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project Y $ 355,000 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling, general, and administrative expenses Income 159,040 52,250 25,000 $ 118,710 3. Compute Project Y's accounting rate of return. Accounting Rate of Return Numerator: 1 Denominator: / = Accounting Rate of Return Project Y Required information [The following information applies to the questions displayed below.] Project Y requires a $313,500 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, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project Y $ 355,000 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 159,040 52, 250 25,000 $ 118,710 4. Determine Project Y's net present value using 9% as the discount rate. (Do not round intermediate calculations. Round your present value factor to 4 decimals and final answers to the nearest whole dollar.) Project Y Chart values are based on: n = i = Select Chart Amount PV Factor Present Value = Net present value