Required information The following information applies to the questions displayed below.) Most Company has an opportunity to invest in one of two new projects. Project Y requires a $335,000 Investment for new machinery with a six-year life and no salvage value. Project Z requires a $335.000 investment for new machinery with a five-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year ev of $1. EV S. PVA of Si, and EVA of $1 (Use appropriate factor(s) from the tables provided.) Project Y Project 2 Sales $365,000 $292,000 Expenses Direct materials 51,100 36,500 Direct labor 73,000 43,000 Overhead including depreciation 131,400 131,400 Selling and administrative expenses 26,000 26,000 Total expenses 201,500 257700 Pretax income 83,500 $4,300 Income taxes (30) 25,050 16,290 Net Income 58,450 $ 33,010 4. Determine each project's net present value using 9% as the discount rate. Assume that cash flows occur at each year-end. (Round your intermediate calculations.) Required information The following information applies to the questions displayed below.) Most Company has an opportunity to invest in one of two new projects. Project Y requires a $335,000 Investment for new machinery with a six-year life and no salvage value. Project Z requires a $335.000 investment for new machinery with a five-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year ev of $1. EV S. PVA of Si, and EVA of $1 (Use appropriate factor(s) from the tables provided.) Project Y Project 2 Sales $365,000 $292,000 Expenses Direct materials 51,100 36,500 Direct labor 73,000 43,000 Overhead including depreciation 131,400 131,400 Selling and administrative expenses 26,000 26,000 Total expenses 201,500 257700 Pretax income 83,500 $4,300 Income taxes (30) 25,050 16,290 Net Income 58,450 $ 33,010 4. Determine each project's net present value using 9% as the discount rate. Assume that cash flows occur at each year-end. (Round your intermediate calculations.)