Project Y requires a $$322,500$ investment for new machinery with a four$-$year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. Project Y requires a $\backslash (\backslash$$ $322,500\backslash )$ 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 $\backslash$$$1,$ FV of $\backslash$$$1,$ PVA of $\backslash$$$1,$ and FVA of $\backslash$$$1)$

Note: Use appropriate factor$($s$)$ from the tables provided. Required:

$1.$ Compute Project Y$\text{'}$s annual net cash flows.

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|\}$

$\backslash$hline Annual amounts & Income & Cash Flow $\backslash \backslash$

$\backslash$hline Sales of new product & $\backslash$$ $375,000$ & $\backslash \backslash$

$\backslash$hline Expenses & & $\backslash \backslash$

$\backslash$hline Materials, labor, and overhead $($except depreciation$)$ & $168,000$ & $\backslash \backslash$

$\backslash$hline Depreciation$-$Machinery & $80,625$ & $\backslash \backslash$

$\backslash$hline Selling, general, and administrative expenses & $27,000$ & $\backslash \backslash$

$\backslash$hline Income & $\backslash$$ $99,375$ & $\backslash \backslash$

$\backslash$hline Net cash flow & & $\backslash$$ $0\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}2.$ Determine Project Y$\text{'}$s payback period. $3.$ Compute Project Y$\text{'}$s accounting rate of return. $4.$ Determine Project Y$\text{'}$s net present value using $7\backslash \%$ as the discount rate.

Note: Do not round intermediate calculations. Round your present value factor to $\backslash (\backslash$mathbf$\{4\}\backslash )$ decimals and final answers to the nearest whole dollar.Present Value of Annuity at $=7\backslash \%$Present Value of Net Cash Flows