Required Information [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. Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Project Y $390,000 174,720 66,000 28,000 121,280 4. Determine Project Y's net present value using 10% 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.) Years 1-6 Net present value Not Cash Flows Present Value of Annuity at 10% Present Value of Net Cash Flows