Check my work 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 $305,000 investment for new machinery with a six-year life and no salvage value. Project Z requires a $305,000 investment for new machinery with a five-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. (py or $1. EV of $1. PVA of $1, and EVA of 5) (Use appropriate factor(s) from the tables provided.) Project Y Project 2 $385,000 $300,000 Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses Pretax income Income taxes (323) Net income 53,9ee 38,500 77.ee 46,200 138,600 138,600 28,000 27,000 297 See 250, 3ee 87, see 57,700 28,888 18,464 $ 59,500 $ 39,236 Part 1 of 4 Required: 1. Compute each project's annual expected net cash flows. 6.66 points Project Y Project z eBook Print References