Most Company has an opportunity to invest in one of two new projects. Project Y requires a $320,000 investment for ne machinery with a five-year life and no salvage value. Project Z requires a $320,000 investment for new machinery with a four-year life and no salvage value. The two projects yield the ollowing predicted annual results. The company uses ight-line depreciation, and cash flows occur evenly throughout each year. (PV of $1., FV of $1. PVA of $1, and FVA of S ) (Use appropriate factor(s) from the tables provided.) Sales Expenses Project Y Project z $400,800 $320,000 Direct materials Direct labor Overhead including depreciation selling and administrative expenses 56,000 40,000 88,000 48,000 144,868 144,000 29,890 29,00 309,000 261,800 91,000 59,000 25,480 16,520 65,520 42,480 Total expenses Pretax income Income taxes (28%) Net income Required: 1. Compute each project's annual expected net cash flows. oject ect income expense net cash flows