Required intormation

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Project $Y$ requires a $$315,000$ 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 $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)($Use

appropriate factor$($s$)$ from the tables provided.$)$

Compute Project Y$\text{'}$s accounting rate of return.