Requirea information Check my work [The following information applies to the questions displayed below.) Most Company has an opportunity to invest in one of two new projects. Project Y requires a $305,000 investment for new machinery with a six-year life and no salvage value. Project Z requires a $305,000 investment for new machinery with a five-year life and no salvage value. The two projects yleld the following predicted annual results, The company uses straight-line depreciation, and cash flows occur evenly throughout each year, (PV of S1 EV of $1. PVA of $1, and EVA of $1 (Use appropriate factor(s) from the tables provided.) Project Y Project z Sales $385,000 $308, eee Expenses Direct materials 53,900 38,500 Direct labor 77.ee 46,200 Kobulirport to returnater dead Overhead including depreciation 138,600 138,680 Selling and administrative expenses 28, eee 27,000 Total expenses 297,500 250, 300 Pretax income 87,5ee 57,700 Income taxes (32%) 28,888 18,464 Net income $ 59,5ee $ 39,236 4. Determine each project's net present value using 8% as the discount rate. Assume that cash flows occur at each yea. your intermediate calculations.) Part 4 of 4 Project Y Chart values are based on: - 67 points n Select Chart Amount ebook PV Factor = Present Value $ 0 References Net prosent value Project Chart values are based on: n = https://apitaboola.com/20/json/msn anaheim-us/commons requirea information Part 4 of 4 Net present value 5.7 points Project 2 Chart values are based on: na eBook i- Select Chart Amount PV Factor Present Value Print $ 0 References Net present value