[The following information applies to the questions displayed below.] Project Y requires a $306,000 investment for new machinery with a four-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.) 2. Determine Project Y's payback period