$[$The following information applies to the questions displayed below.$]$

Project Y requires a $$306,000$ investment for new machinery with a four$-$year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. $($PV of $$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 $ $355,000$

Expenses

Materials, labor, and overhead $($except depreciation$)159,040$

Depreciation$$Machinery $76,500$

Selling, general, and administrative expenses $25,000$

Income $ $94,460$

$4.$ 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.$)$