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[ The following information applies to the questions displayed below. ] Project Y requires a $ 3 4 9 , 5 0 0 investment for

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[The following information applies to the questions displayed below.]
Project Y requires a $349,500 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.)
\table[[Annual Amounts,Project Y],[Sales of new product,$390,000
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