Can you please show me what I'm doing keep saying my answers are wrong Ow.)Most Company has an opportunity to invest in one of two new projects. Project Y requires a $305,000 investment for newmachinery with a four-year life and no salvage value. Project Z requires a $305,000 investment for new machinery with athree-year life and no salvage value. The two projects yield the following predicted annual results. The company usesstraight-line depreciation, and cash flows occur evenly throughout each year. (PV of $1, FV of $1, PVA of $1, and FVA of $1)(Use appropriate factor(s) from the tables provided.)Project Y Project Z$385,000 $ 308,000SalesExpensesDirect materials53,90077,000138,60028,000297,50087,50022,750$ 64,750 $ 42,69838,50046,200138,60027,000250,30057,70015,002Direct laborOverhead including depreciationSelling and administrative expensesTotal expensesPretax incomeIncome taxes (26%)Net incomeRequired:1. Compute each project's annual expected net cash flows.Project YProject ZNet income$64,75042,968%24 1. Compute each project's annual expected net cash flows.Project YProject ZNet income2$64,750 $42,968Depreciation expense35,046142,500Expected net cash flows53,790 $35,046%24

Depreciation expense = ( Cost - salvage value ) / Useful life

Most Company has an opportunity to invest in one of two new projects. Project Y requires a $305,000 investment for new machinery with a four-year life and no salvage value. Project Z requires a $305,000 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, PVA of $1, and FVA of $1 )(Use appropriate factor(s) from the tables provided.) Project Y Project 2 $385,000 $308,000 Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses 53,900 77,000 138,600 28,000 297,500 87,500 22,750 38,500 46,200 138,600 27,000 250,300 57,700 15,002 Pretax income Income taxes (268) Net income $ 64,750 $ 42,698 Required: 1. Compute each project's annual expected net cash flows. Project Y Project Z Net income 64,750 %24 42,968

Most Company has an opportunity to invest in one of two new projects. Project Y requires a $305,000 investment for new machinery with a four-year life and no salvage value. Project Z requires a $305,000 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, PVA of $1, and FVA of $1 )(Use appropriate factor(s) from the tables provided.) Project Y Project 2 $385,000 $308,000 Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses Total expenses 53,900 77,000 138,600 28,000 297,500 87,500 22,750 38,500 46,200 138,600 27,000 250,300 57,700 15,002 Pretax income Income taxes (268) Net income $ 64,750 $ 42,698 Required: 1. Compute each project's annual expected net cash flows. Project Y Project Z Net income 64,750 %24 42,968

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Sorry, to bother you but I am not sure where you came up with these numbers. They don't seem to be the same numbers in the question. I guess I am just really confused. Thank you for your help.
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