Required information [The following information applies to the questions displayed below] Project Y requires a $333,000 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 S1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Ancunts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-achinery Selling, general, and adeinistrative expenses Income Project $350,000 156,800 83,250 25,000 584,950 Required: 1. Compute Project Y's annual net cash flows. Annual amounts Sales of new product Income Cash Flow 350.000 Check my work 21 Depreciation-Machinery Selling, general, and administrative expenses Income rt 1 of 4 eBook ferences Required: 1. Compute Project Y's annual net cash flows. Annual amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Net cash flow 83,250 25,000 Chec $ 84,950 Income Cash Flow $ 350,000 156,800 83,250 25,000 $ 84,950