[T he following information applies to the questions displayed below] Project Y requires a $321,000 investment for new machinery with a sixyear 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 PVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Project Y Sales of new product $ 395,000 Expenses Materials, labor, and overhead (except depreciation) 176,960 DepreciationMachinery 53,500 Selling, general, and administrative expenses 28,000 Income $ 136,540 Required: 1. Compute Project Y's annual net cash flows. Sales of new product 395,000 Expenses Materials, labor, and overhead (except depreciation) 176,960 DepreciationMachinery 53,500 Selling, general, and administrative expenses 28,000 Net cash ow Required information [The following information applies to the questions displayed below.] Project Y requires a $321,000 investment for new machinery with a sixyear life and no salvage value. The project yields the following annual results. Cash ows 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 Project Y Sales of new product $ 395,000 Expenses Materials, labor, and overhead (except depreciation) 176,960 DepreciationMachinery 53,500 Selling, general, and administrative expenses 28,000 Income $ 135:540 K 2. Determine Project Y's payback period. '- Required information [The following information applies to the questions displayed below. ] appropriate factor(s) from the tables provided.) Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) DepreciationMachinery Selling, general, and administrative expenses Income K 3. Compute Project Y's accounting rate of return. Project Y requires a $321,000 investment for new machinery with a sixyear life and no salvage value. The project yields the following annual results. Cash ows occur evenly within each year. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use Project Y $ 395,000 176,960 53,500 28,000 $ 136,540 = Accounting Rate of Return 0 Required information [The following information applies to the questions displayed below] Project Y requires a $321,000 investment for new machinery with a six-year life and no salvage value. The project yields the following annual results. Cash ows 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 Project Y Sales of new product $ 395,000 Expenses Materials, labor, and overhead (except depreciation) 176,960 DepreciationMachinery 53,500 Selling, general, and administrative expenses 28,000 Income $ 135.540 \\ 4. Determine Project Y's net present value using 7% as the discount rate. (Do not round intermediate calculations. Round your present value factor to 4 decimals and final answers to the nearest whole dollar.) I_ Net present value