Required information [The following information applies to the questions displayed below] Project Y requires a $350,000 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. EV of $1. PVA of $1. and EVA of S1) (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 $350,000 157,500 87,500 49,000 $ 56,000 4. Determine Project Y'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.) Years 1-4 Net present value Presont Value Not Cash Flows x of Annuity of 8% Present Value of Net Cash Flows