Required Information [The following information applies to the questions displayed below.) Project Y requires a $306,000 investment for new machinery with a six-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 $11 (Use appropriate factor(s) from the tables provided.) Project Y $365,000 Annual mounta Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Salling, general, and administrative expensen Income 163,520 51,000 26.000 $ 124,480 Answer is complete but not entirely correct. Expected Income Revenues Sales $365,000 IS Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses 163,520 51,000 124,480 Total expenses 339,000 26,000 S Income Expected Net Cash Flow Income Initial investment $ 26,000 306,000 $ 332,000 Net cash flow