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 $350,000 investment for new machinery with a four-year life and no salvage value. Project Z requires a $350,000 investment for new machinery with a three-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. Pl A of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided.) Project Y ProjectZ $355,000 $284,000 Sales Direct materials Direct labor Overhead icluding depreciation 49,700 35,500 71,000 42,600 127,800 127,800 25,00025,000 73.500 30,900 53,100 13,806 Selling and administrative expcnses Total expenses Pretax income Income taxes (26%) Net income 81,500 21.190 60,310 39,294