Most Compeny has an opportunity to invest in one of two new projects. Project Y requires a $350000 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 salvege value. The two projects yield the following predicted annual results. The company uses straight-tine depreciation, and cash flows occur evenly throughout each year. FV of S1, PV of S1, FVA of S1 and PVA of $) (use appropriate fectorls) from the tables provided.) Project Yll"Project ZE1 $350,000 $280,000 Sales Expenses 35,000 42,000 26,000126,000 Selling and administrative expenses25,000 25,000 Direct matertais Dtrect labor Overhead including deprectation 49,000 70,000 Total expenses 270,000228,000 Pretax Income Income taxes (30%) 80,000 24,000 52.000 15,600 Net Income s 56,000$ 36.400