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Project $Y$ requires a $$345,000$ 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)($Use appropriate

factor$($s$)$ from the tables provided.$)$

Determine Project Y$\text{'}$s net present value using $8\%$ as the discount rate. $($Do not round intermediate

calculations. Round your present value factor to $4$ decimals and final answers to the nearest whole

dollar.$)$