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, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Project Y Depreciation-Machinery Selling, general, and administrative expenses Income 3. Compute Project Y's accounting rate of return. Numerator: Accounting Rate of Return Denominator: 1 1 Project Y $ 395,000 176, 960 52,750 28,000 $ 137,290 = Accounting Rate of Return

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. 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