Most Company has an opportunity to invest in one of two new projects. Project Y requires a $330,000 investment for new machinery with a six-year life and no salvage value. Project Z requires a $330,000 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 (364) Net income Project Y Project z $365,000 $292,000 51,100 36,500 73,000 43,800 131,400 131,400 26,000 26,080 281,500 237,700 83,500 54,300 30, 060 19,548 $ 53,440 $ 34,752 Problem 24-2A Part 4 4. Determine each project's net present value using 7% as the discount rate. Assume that cash flows occur at each year- end. (Round your intermediate calculations.) Answer is not complete. Project Y Chart values are based on: 6 7% Amount PV Factor Present Value Select Chart Present Value of an Annuity of 1 $ 108,440 X $ 0 Present value of cash inflows 4. Determine each project's net present value using 7% as the discount rate. Assume that cash flows occur at each year- end. (Round your intermediate calculations.) Answer is not complete. Project Y Chart values are based on: n 7% Amount X PV Factor Present Value Select Chart Present Value of an Annuity of 1 $ 108,440 X $ 0 > Present value of cash inflows Prosent value of cash outflows Net present value 330,000 Project z Chart values are based on: n. 7% Amount Select Chart Present Value of an Annuity of PV Factor Present Value $ 100,752 X o Present value of cash inflows Present value of cash outflows Net present value 330,000