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 six-year life and no salvage value. Project Z requires a $335,000 Investment for new machinery with a five-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.) Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses Pretax income Income taxes (28) Net income Project Y Project z $365,000 $292,000 51,100 36,500 73,000 43,800 131,400 131,400 26,000 26,000 281,500 237,700 83,500 54,308 23,380 15, 204 $ 60, 120 $ 39,096 Problem 11-2A Part 4 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.) 5 Required information Part 4 of 4 Project Y Chart values are based on: n / 6 pints Select Chart Amount PV Factor Prosent Value $ 0 Book Print Net present value Project 2 Chart values are based on: Select Chart Amount PV Factor Present Value $ 0 Net present value