cakculator - Google Seer, X Help The following information applies to the questions displayed below] Most Company has an opportunity to invest in one of two new projects. Project Y requires a $335,000 investment for new machinery with a six-year life and no salvage value. Project Z requires a $335,000 investment for new machinery with a five-year life and no salvage value. The two projects yleld the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year. (PV of Si FVof Si PVA of S1 and EVA atSi (Use appropriate foctor(s) from the tables provided.) Y Project Z Sales 5385,ee0 $se8, Direct materials Direct labor Overhead including depreciation Selling and administrative expences 53,900 38,5e0 77,080 46,20 138,680 13,609 8,0 27,80 Total expenses Pretax Income income taxes (35%) Net incone 87,50057,70e 54,250 35,724 Assume that cash flows occur at each year-end (Round Determine each project's net present value using 9'% as the discount rate. our intermediate calculations.) Project Y Chart values are based on: Prey