Required information Determine Project Y$\text{'}$s payback period. Compute Project $Y\text{'}$s accounting rate of return. Determine Project Y$\text{'}$s net present value using $6\%$ 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.

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

Project $Y$ requires a $$301,500$ 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.

Required:

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