Ch 24 Homework 0 Saved Required information Part 3 01'4 [T he following information applies to the questions displayed below. J Project Y requires a $307,500 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 $3315 appropriate factor(s) from the tables provided.) Annual Amounts Project Y Sales of new product $ 355, 000 Expenses Q Materials, labor, and overhead (except depreciation) 159,040 eBook DepreciationMachinery 76 , 875 Selling, general, and administrative expenses 25: 000 _ Income $ 94,085 E Print rli 3. Compute Project Y's accounting rate of return. References _-E ---I_ Ch 24 Homework 0 Saved 7.69 points Refe re nces Required information [7' he following information applies to the questions displayed below. J Project Y requires a $307,500 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.) Annual Amounts Project Y Sales of new product S 355,000 Expenses Materials, labor, and overhead (except depreciation) 159,040 DepreciationMachinery 76 , 875 Selling, general, and administrative expenses 25,000 Income $ 94,085 4. Determine Project Y's net present value using 10% 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.) Chart values are based on: Net present value