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[The following information applies to the questions displayed below.] Project Y requires a $330,000 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) (Use appropriate factor(s) from the tables provided.)

Annual Amounts	Project Y
Sales of new product	$ 375,000
Expenses
Materials, labor, and overhead (except depreciation)	168,000
DepreciationMachinery	66,000
Selling, general, and administrative expenses	27,000
Income	$ 114,000

Required: 1. Compute Project Ys annual net cash flows.