Required information [The following information applies to the questions displayed below.) Project Y requires a $340,500 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. FV of $1. PVA of $1, and EVA 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 $375,000 168,000 85,125 27,000 $94,875 4. Determine Project Y's net present value using 9% 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 Initial investment Net present value Net Cash Flows x Present Value of Annuity at Present Value of Net Cash Flows 9% 184000 x 0 340,500