$11$

Required information

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Part $3$ of $4$

Project $Y$ requires a $$345,000$ investment for new machinery with a five$-$year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

$\backslash$table$[[$Annual Amounts,$],[$Sales of new product,Project Y$],[$Expenses$,360,000],[$Materials$,$ labor, and overhead $($except depreciation$),161,280],[$Depreciation$-$Machinery,$69,000],[$Selling$,$ general, and administrative expenses,$26,000],[$Income$,$$$103,720$