4 Part 4 of 4 Required information [The following information applies to the questions displayed below] Project Y requires a $304,500 investment for new machinery with a four-year life and no salvage value. The project yields the following annual results Cash flows occur evenly within each year (PV.at.S1. EV at St. PVA of S1, and EVA at 53 (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 Incone Prodect $305,000 176,960 76,125 28,000 $113,915 4. Determine Project Y's net present value using 9% as the discount rate. (Do not round intermediate calculations. Round your present value fector to 4 decimals and final answers to the nearest whole dollar) Years 1-6 Net present value Not Cash Flows X Present Value of Annuity at Present Vakie of bot Cash Flows