Required information [The following information applies to the questions displayed below) Project Y requires a $307,500 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 St. FV of S1, PVA of $1. and FVA of S1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Project Sales of new product $ 370,000 Expenses Materials, labor, and overhead (except depreciation) 165,760 Depreciation Hachinery 61,500 Selling, general, and administrative expenses 26,000 $116,740 Income 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.) Project Y Chart values are based on Select Chart Amount PV Factor Present Value $ Net present value