Project Y requires a $$330,000$ investment for new machinery with a six$-$year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

Annual Amounts Project Y

Sales of new product $ $355,000$

Expenses

Materials, labor, and overhead $($except depreciation$)159,040$

Depreciation$$Machinery $55,000$

Selling, general, and administrative expenses $25,000$

Income $ $115,960$

Required:

$1.$ Compute Project Y$$s annual net cash flows.