$1$

P$2,$ P$3$

Garcla Company can invest in one of two alternative projects. Project Y requires a $$560,000$ initial investment for new machinery with a four$-$year life and no salvage value. Project $Z$ requires a $$516,000$ initial investment for new machinery with a three$-$year life and no salvage value. The two projects yield 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 approprlate factor$($s$)$ from the tables provided.

$\backslash$table$[[$Annual Amounts,Project $Y,$Project $2],[$Sales of new product,$ $500,000,$$$600,80$