Required information The following information applies to the questions displayed below) Project requires a $307,500 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 SI. PVA of $1, and EVA of $13 (Use appropriate factor(s) from the tables provided.) Project $ 380,000 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 170,240 61,500 27,000 $ 121,260 Required: 1. Compute Project Y's annual net cash flows. Expected Income Revenues Expenses 0 Expected Net Cash Flow 0 Net cash flow 2. Determine Project Y's payback period. Numerator: Payback Period Denominator: / Payback Period 0 Project Y 3. Compute Project Y's accounting rate of return Accounting Rate of Return Numerator Denominator: Accounting Rate of Return Project Y 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 Select Chart Amount PV Factor Present Value $ . 0 Nel present value