Required information [The following information applies to the questions displayed below.] Project Y requires a $316,500 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 Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Project Y $360,000 161,280 63,300 26,000 $109,420 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 Not cash flow Income Cash Flow $ 360,000 161,200 63,300 26,000 $ 109 420 $