IThe folowing information applies to the questions displayed below.j Most Company has on opportunity to invest in one of two new projects. Project Y requires e $335.000 investment for new mochinery with a five-year life end no salvege value. Project Z requires o $335.000 investment for new mochinery with a four-year life end no selvege velue. The two projects yield the following predicted ennuel results. The company uses stroight-line depreciation. end cesh fows occur evenly each year FM of PM of $1. FMA of $1 and PVA of se appropriate factors) from the tables provided.) Project Project Z Sales $365,000 292,000 Direct meserials 51.100 36,500 73.000 43,800 Direct labor Overheed including depreciation Selling and edministrative expenses 26,000 26,000 Total expenses 281,500 237700 83.500 54,300 Pretax income Income taxes (32%) 26720 17.376 56780 36,924 Net income 1111 points Required 1. Compute each project's annual expected net cash flows. Project Y Project z 83.750 Expected net cash flows |S 123,780 S