Required information [The following information applies to the questions displayed below.) Project Y requires a $350,000 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.) Project Y $ 350,000 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses 157,500 87,500 49,000 $ 56,000 Income Required: 1. Compute project Y's annual net cash flows. Annual amounts Income Cash Flow Sales of new product $ 350,000 Expenses Materials, labor, and overhead (except depreciation) DepreciationMachinery Selling, general, and administrative expenses 157,500 87,500 49,000 Income $ 56,000 Net cash flow Required information [The following information applies to the questions displayed below.] Project Y requires a $350,000 investment for new machinery with a four-year life Y 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.) Project Y $ 350,000 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 157,500 87,500 49,000 $ 56,000 2. Determine Project Y's payback period. Payback Period Numerator: / Denominator: / = Payback period Project Y Required information (The following information applies to the questions displayed below.) Project Y requires a $350,000 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.) Project Y $ 350,000 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 157,500 87,500 49,000 $ 56,000 3. Compute Project Y's accounting rate of return. Accounting Rate of Return 1 Denominator: Numerator: 1 Accounting rate of return Project Y