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. PV of S1, and FVA of $1 (Use appropriate factor(s) from the tables provided.) Project $365,000 Annual amounta Sales of new product Expennen Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 163,520 52,000 26,000 S 124,480 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.) Project Y Chart values are based on: - Select Chart Amount PV Factor Present Value Net present value