Most Company has an opportunity to Invest in one of two new projects. Project Y requires a $340,000 Investment for new machinery with a five-year life and no salvage value. Project Z requires a $340,000 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 depreclation, and cash flows occur evenly throughout each year (FV of $1, PV of $1. EVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Project Y Project Z Sales 360,000 288,000 Expenses Direct materials 50,400 36,000 72,000 Direct labor 43,200 129,600 129,600 Overhead Including depreclation 26,000 26,000 Selling and administrative expenses 278.000 234,800 Total expenses 53,200 82,000 Pretax Income 17.024 Income taxes (32% 26,240 55,760 36.176 Net Income