Project Y requires a $$310,500$ investment for new machinery with a five$-$year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Annual Amounts Project Y

Sales of new product $ $395,000$

Expenses

Materials, labor, and overhead $($except depreciation$)176,960$

Depreciation$$Machinery $62,100$

Selling, general, and administrative expenses $28,000$

Income $ $127,940$ Project $Y$ requires a $$310,500$ investment for new machinery with a five$-$year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. $($PV of $$1,FV$ of $$1,$PVA of $$1,$ and FVA of $$1)$ Note: Use appropriate factor$($s$)$ from the tables provided.

$\backslash$table$[[$Annual Amounts,Project Y$],[$Sales of new product,$$395,000],[$Fxnences$],[$Materials$,$ labor, and overhead $($except depreciation$),176,960],[$Depreciation$-$Machinery,$62,100],[$Selling$,$ general, and administrative expenses,$28,000],[$Income$,$$ $127,940]]$

Required:

$.$ Compute Project Y$\text{'}$s annual net cash flows.

$\backslash$table$[[$Annual amounts,Income,Cash Flow$],[$Sales of new product,$$1395,000,],[$Expenses$,,],[$Materials$,$ labor, and overhead $($except depreciation$),176,960,],[$Depreciation$$Machinery$,62,100,],[$Selling$,$ general, and administrative expenses,$28,000,],[$Income$,$$$127,940,],[$Net cash flow,,$]]$