Determine each projects net present value using 8% as the discount rate. Assume that cash flows occur at each year end.

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 $350,000 investment for new machinery with a four-year life and no salvage value. Project Z requires a $350,000 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 $1) (Use appropriate factor(s) from the tables provided.) Project Y Project z $350,000 $280,000 Sales Expenses 35,000 42,000 126,000 126,000 25,000 270,000 228,000 52,000 24,00015,600 56,000 36,400 49,000 70,000 Direct materials Direct labor Overhead including depreciation Selling and administrative expenses 25,000 Total expenses Pretax income Income taxes (30%) Net income 4. Determine each project's net present value using 8% as the discount rate. Assume that cash flows occur at each year-end. Round your intermediate calculations.) roject Y Chart values are based on: Select Chart Amount x PV Factor Present Value Net present value Project Z Chart values are based on: Select Chart Amount x PV Factor | = Present Value Net present value