Project Y requires a $331,500 investment for new machinery with a five-year life and no salvage...

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Project Y requires a $331,500 investment for new machinery with a five-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 Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 2. Determine Project Y's payback period. Project Y $ 365,000 163,520 66,300 26,000 $ 109,180 Payback Period Numerator: Denominator: Initial investment Annual net cash flow Payback Period Project Y $ 331,500 $ 175,480 = 1.89 years Project Y requires a $331,500 investment for new machinery with a five-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 Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 2. Determine Project Y's payback period. Project Y $ 365,000 163,520 66,300 26,000 $ 109,180 Payback Period Numerator: Denominator: Initial investment Annual net cash flow Payback Period Project Y $ 331,500 $ 175,480 = 1.89 years