Check my wc Required information [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 $315,000 investment for new machinery with a four-year life and no salvage value. Project Z requires a $315,000 investment for new machinery with a three-year life and no salvage value. The two projects yield the following predicted annual results The company uses straight-line depreciation, and cash flows occur evenly throughout each year. (PV of $1. FV of $1. PVA of $1, and FVA of $i) (Use appropriate factor(s) from the tables provided.) Project Y Project z Sales $375,000 $380,000 Expenses Direct materials 52,500 37,500 Direct labor 75,000 45,000 Overhead including depreciation 135,000 135,000 Selling and administrative expenses 27,000 27.000 Total expenses 289,500 244,500 Pretax income 85,500 55,500 Income taxes (38%) 32,490 21,090 Net income $ 53,81 $ 34,410 4. Determine each project's net present value using 9% as the discount rate. Assume that cash flows occur at each year-end. (Round your intermediate calculations.) RE hout Saved HPIRTI DIPEISEP VA TISHIA ETHIPUSSIT 11w Required information Project Y Chart values are based on: na 9% Select Chart Present Value of an Annuity of 1 Amount X PV Factor 11 Present Value 3.2397 $ Present value of cash inflows Present value of cash outflows Net present value Project z Chart values are based on: nu 3 9% Select Chart Amount X PV Factor Present Value Required information Present value of cash inflows Present value of cash outflows Net present value Project z Chart values are based on: n = 9% Select Chart Present Value of an Annuity of 1 Amount Present Value PV Factor 2.53131 = $ 0 Present value of cash inflows Present value of cash outflows Net present value