Most Company has an opportunity to invest in one of two new projects. Project Y requires a $325,000 investment for new machinery with a five-year life and no salvage value. Project Z requires a $325,000 investment for new machinery with a four-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 $365,000 $292,008 Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses Pretax income Income taxes (344) Net income 51,100 36,589 73,000 43,800 131,400 131,400 26,000 26.ece 281 500 237,700 83,500 54,300 28, 390 18,462 $ 55, 110 S 35,838 Problem 24-2A Part 4 4. Determine each project's net present value using 10% as the discount rate. Assume that cash flows occur at each year-end. (Rou your intermediate calculations.) Project Y Chart valere hedoni 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 Chart values are based on: n 1 Select Chart Amount PV Factor Present Value $ 0 Net present value Project Chart values are based on: Select Chart Amount PV Factor Present Value $ 0 Net present value