22 020154 Skipped Required information [The following information applies to the questions displayed below] Project Y requires a $348,000 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. EV of $1. PVA of $1. and EVA of) (Use appropriate factor(s) from the tables provided.) Annual Amounta Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Project Y $375,000 168,000 58,000 27,000 $122,000 4. Determine Project Y's net present value using 9% 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.) Years 1-6 Net present value Present Value Net Cash Flows Present Value of Net x of Annuity at 9% Cash Flows $