Requlred information [The following information applies to the questions displayed below.] Project Y requires a $322,500 investment for new machinery with a five-year life and no salvage value. The project ylelds the following annual resuits. Cash flows occur evenly within each year. (PV of \$1, FV of \$1. PVA of \$1, and FVA of \$1) (Use approprlate factor(s) from the tables provided.) 2. Determine Project Y 's payback perlod. 3. Compute Project Y 's accounting rate of return. 4. Determine Project Y's net present value using 7% as the discount rate. (Do not round Intermediate calculatlons. Round your present value factor to 4 decimals and final answers to the nearest whole dollar.)