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 $335,000 Investment for new machinery with a six-year life and no salvage value. Project Z requires a $335,000 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 depreclatlon, and cash flows occur evenly throughout each year (FV cf $1, PV of $1, FVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Project Y Project z 380,000 304,000 Sales Expenses 53,200 38,000 Direct materials 45,600 Direct labor 76,000 136,800 136,800 Overhead Including depreclatlon Selling and administrative expenses 27000 27000 Total expenses 293,000 247,400 87,000 Pretax Income 56,600 24,360 15,848 Income taxes (28% 62,640 40,752 Net Income