Required information Skip to question [The following information applies to the questions displayed below.] Project Y requires a $319,500 investment for new machinery with a four-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 DepreciationMachinery 79,875 Selling, general, and administrative expenses 28,000 Income $ 110,165 Required: 1. Compute Project Ys annual net cash flows.