Most Company has an opportunity to invest in one of two new projects. Project Y requires a $350,000 investment for new machinery with a four-year life and no salvage value. Project Z requires a $350,000 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 $350,000 $280,000 Sales Expenses 35,000 42,000 126,000 126,000 25,000 270,000 228,000 52,000 15,600 $ 56,000 36,400 Direct materials Direct labor Overhead including depreciation Selling and administrative expenses 49,000 70,000 25,000 80,000 Total expenses Pretax income Income taxes (30%) Net income 24,000 Required: 1. Compute each project's annual expected net cash flows Project Y Project Z Expected net cash flows