Project Y requires a $318,000 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 Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Project Y $ 350,000 156,800 63,600 25,000 $ 104,600 4. Determine Project Y's net present value using 10% as the discount rate. Note: Do not round intermediate calculations. Round your present value factor to 4 decimals and final answers to th nearest whole dollar. Years 1-5 $ Net Cash Flows X Present Value of Annuity at 10% Present Valof Net = Cash Flows 168,200 x II $ S < Prev 7 of 8 Next > 0