This is all one question.

Project Y requires a $319,500 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) (Use appropriate factor(s) from the tables provided.)

Annual Amounts	Project Y
Sales of new product	$ 395,000
Expenses
Materials, labor, and overhead (except depreciation)	176,960
DepreciationMachinery	53,250
Selling, general, and administrative expenses	28,000
Income $ 136,790

Annual amounts Income Cash Flow Sales of new product $ 395,000 Expenses Materials, labor, and overhead (except depreciation) DepreciationMachinery 176,960 53,250 Selling, general, and administrative expenses 28,000 Income $ 136,790 Net cash flow Payback Period Numerator: / Denominator: / = Payback Period 11 Project Y Accounting Rate of Return Numerator: 1 Denominator: / Accounting Rate of Return Project Y 4. Determine Project Y's net present value using 8% as the discount rate. (Do not round intermediate calculations. Round your present value factor to 4 decimals and final answers to the nearest whole dollar.) Net Cash Flows Present Value of Annuity at 8% = Present Value of Net Cash Flows Years 1-6 = Net present value