Project Y requires a $$321,000$ investment for new machinery with a six$-$year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$ Note: Use appropriate factor$($s$)$ from the tables provided. Annual AmountsProject YSales of new product$ $395,000$Expenses$$Materials$,$ labor, and overhead $($except depreciation$)176,960$Depreciation$$Machinery$53,500$Selling, general, and administrative expenses$28,000$Income$ $136,540$ Required: $1.$ Compute Project Y$$s annual net cash flows. $2.$ Determine Project Y$$s payback period. $3.$ Compute Project Y$$s accounting rate of return. $4.$ Determine Project Y$$s net present value using $9\%$ as the discount rate. Required information $[$The following information applles to the questions dilsplayed below.$]$ Project $\backslash ($ Y $\backslash )$ requires a $\backslash (\backslash$$ $321,000\backslash )$ investment for new machinery with a slx$-$year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. $($PV of $\backslash$$$1,$ FV of $\backslash$$$1,$ PVA of $\backslash$$$1,$ and FVA of $\backslash$$$1)$ Note: Use approprlate factor$($s$)$ from the tables provided. Required: $1.$ Compute Project $\backslash ($ Y $\backslash )\text{'}$s annual net cash flows. $\backslash (!\backslash )$ Required information $[$The following information applles to the questions allsplayed below.$]$ Project $\backslash ($ Y $\backslash )$ requires a $\backslash (\backslash$$ $321,000\backslash )$ investment for new machinery with a six$-$year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. $($PV of $\backslash (\backslash$$ $1,\backslash$mathrm$\{$FV$\}\backslash )$ of $\backslash (\backslash$$ $1\backslash ).$ PVA of $\backslash (\backslash$$ $1\backslash ),$ and PVA of $\backslash (\backslash$$ $1\backslash ))$ Note: Use appropriate factor$($s$)$ from the tables provided. $2$ Determine Project Y$\text{'}$s payback period Required information $[$The following information applles to the questions displayed below.$]$ Project $\backslash ($ Y $\backslash )$ requires a $\backslash (\backslash$$ $321,000\backslash )$ irvestment for new machinery with a slx$-$year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. $($PV of $\backslash (\backslash$$ $1\backslash ).$ FV of $\backslash (\backslash$$ $1\backslash ).$ PVA of $\backslash (\backslash$$ $1\backslash ),$ and FVA of $\backslash (\backslash$$ $1\backslash ))$ Note: Use appropriate factor$($s$)$ from the tables provided. $3.$ Compute Project $\backslash ($ Y $\backslash )\text{'}$s accounting rate of return. Required information $[$The following information applles to the questions dilsplayed below.$]$ Project $\backslash ($ Y $\backslash )$ requires a $\backslash (\backslash$$ $321,000\backslash )$ irvestment for new machinery with a six$-$year life and no salvage value. The project ylelds the following annual results. Cash flows occur evenly within each year. $($PV of $\backslash$$$1,$ FV of $\backslash$$$1.$ PVA of $\backslash$$$1,$ and FVA of $\backslash$$$1)$ Note: Use appropriate factor$($s$)$ from the tables provided. $4.$ Determine Project Y$\text{'}$s net present value using $\backslash (9\backslash \%\backslash )$ as the discount rate Note: Do not round intermediate calculations. Round your present value factor to $4$ decimals and final answers to the nearest whole dollar