Required information [The following information applies to the questions displayed below.] Project Y requires a $346,500 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.) 3. Compute Project Y's accounting rate of return