Most Company has an opportunity to invest in one of two new projects Project Y requires a $335,000 investment for new machinery with a four-year life and no salvage value. Project Z requires a $335,000 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 $375,000 $300, ece Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses Pretax income Income taxes (285) 52,500 75,000 135,000 27000 289,500 35.500 23,940 5 61,560 37,500 45,000 135,000 27.000 244,500 55.500 15, 540 $ 39,960 Net Income 4. Determine each project's net present value using 10% as the discount rate. Assume that cash flows occur at each year-end. (Round your intermediate calculations.) Project Y Chart values are based on: Select Chart Amount PV Factor = Present Value Net present value Project Z Chart values are based on: Select Chart Amount X PV Factor Present Value ar Select Chart Amount X PV Factor Present Value Net present value