Project Y requires a $$328,500$ investment for new machinery with a six$-$year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

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

Annual Amounts Project Y

Sales of new product $ $360,000$

Expenses

Materials, labor, and overhead $($except depreciation$)161,280$

Depreciation$$Machinery $54,750$

Selling, general, and administrative expenses $26,000$

Income $ $117,970$

Problem $11-2$A $($Algo$)$ Part $4$

$4.$ Determine Project Y$$s net present value using $8\%$ 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. Required information

Problem $11-2$A $($Algo$)$ Payback period, accounting rate of return, net present value, and net

cash flow calculation LO P$1,$ P$2,$ P$3$

$[$The following information applies to the questions displayed below.$]$

Project $Y$ requires a $$328,500$ 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.

Problem $11-2$A $($Algo$)$ Part $4$

Determine Project Y$\text{'}$s net present value using $8\%$ 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. Determine Project Y$\text{'}$s net present value using $8\%$ 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.