Required information [The following information applies to the questions displayed below.] Project Y requires a $316,500 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 FVA of \$1) (Use appropriate factor(s) from the tables provided.) 2. Determine Project Y's payback period