! Required information [The following information applies to the questions displayed below.] Project Y requires a...

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! Required information [The following information applies to the questions displayed below.] Project Y requires a $333,000 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) (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 Project Y $ 365,000 163,520 55,500 26,000 $ 119,980 3. Compute Project Y's accounting rate of return. Accounting Rate of Return Project Y Numerator: Denominator: = Accounting Rate of Return ! Required information [The following information applies to the questions displayed below.] Project Y requires a $333,000 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) (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 Project Y $ 365,000 163,520 55,500 26,000 $ 119,980 3. Compute Project Y's accounting rate of return. Accounting Rate of Return Project Y Numerator: Denominator: = Accounting Rate of Return