[The following information applies to the questions displayed below.] Project Y requires a $312,000 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.) Required: 1. Compute Project Y's annual net cash flows. Required information [The following information applies to the questions displayed below.] Project Y requires a $312,000 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.) 2. Determine Project Y's payback period. Project Y requires a $312,000 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.) 3. Compute Project Y's accounting rate of return. Project Y requires a $312,000 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.) 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.)