Required information The following information applies to the questions displayed below Most Company has an opportunity to invest in one of two new projects. Project Y requires a $315,000 investment for new machinery with a six-year life and no salvage value. Project Z requires a $315,000 investment for new machinery with a five-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year. (PV of $1, FV of S1, PVA of S1, and FVA of S) (Use appropriate factor(s) from the tables provided.) Project Y Project Z $398,800 $312,006 Sales Expenses Direct materials Direct labor Overhead including depreciation 54,600 39,000 78,000 46,880 148,400 140,40e Selling and administrative expenses Total expenses Pretax income Income taxes (30%) Net income 28,809 381,980254,20 89,800 57,800 26,78017,34e 62,30 40,468 4. Determine each project's net present value using 10% as the discount rate. Assure that cash flows occur at each year-end Round your intermediatec Chart values are based on: B e | week 4 Week 4 Homework AssiIO Make a Payment O NCP Tuition Assistan CD SAAR Requests Naboral Umersity! Apps eek 4 Homework Assignment Saved 6 Pretax income Income taxes (30%) Net income 89,088 57,880 26,78017,348 s 62,300 48,460 4. Determine each project's net present value using 00% as the discount rate. Assume that cash flows occurat each year 5.85 Chart values are based on: Print References Net present value valoes are based on C Prev 6 of6lll Next .>