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 $345,000 investment for new machinery with a six-year life and no salvage value. Project Z requires a $345,000 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 $1. PVA of $1. and EVA of $1 (Use appropriate factor(s) from the tables provided.) Project Project Z $380,000 $304,000 Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses Pretax income Income taxes (381) Net Income 53,200 76,000 136,800 27,000 2293,000 97.000 33,060 $ 53,940 38,000 45.600 136,800 27,000 247,400 56,600 21, Son $ 35,092 4. Determine each project's net present value using 8% as the discount rate. Assume that cash flows occur at each year-end. (Round your intermediate calculations.) 4. Determine each project's net present value using 8% as the discount rate. Assume that cash flows occur at each year-end. (Round your intermediate calculations.) Project Y Chart values are based on: no Salut Chart Amount X PV Factor Present Value Net present value Project Z Chart values are based on: i Select Chart Amount PV Factor Present Value Net present value