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 four-year life and no salvage value. Project Z requires a $305,000 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 S1. EV of $1. PVA of $1, and FVA of $1) (Use appropriate factors) from the tables provided.) rojed ec Sales Expenses 355,000 $284,000 Direct materials Direct labor Overhead including depreciation Selling and administrative expenses 49,70035,500 71,000 42,600 127,800 127,800 25,000 273,500 230.900 81,500 53,100 29,340 19,116 52,160 $ 33,984 25,000 Total expenses Pretax income Income taxes (368) Net income Required: 1. Compute each project's annual expected net cash flows. Project YProject Z