Required information [The following information applies to the questions displayed below.] Project Y requires a $310.500 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 Project Y Sales of new product $ 360, eee Expenses Materials, labor, and overhead (except depreciation) 161,280 Depreciation-Machinery 62,100 Selling, general, and administrative expenses 26,600 Income $ 118,620 4. Determine Project Y's net present value using 7% 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: n = = Select Chart = Amount 310.500x PV Factor 1.0000/= Present Value S 310,500 S Present value of cash inflows S 310.500 Net present value