Project Y requires a $350,000 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. EV of $1. PVA of $1. and EVA of $1 ) (Use appropriate factor(s) from the tables provided.) Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling, general, and administrative expenses Income Years 1-4 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.) Net present value Project Y $ 350,000 Present Value Net Cash Flows x of Annuity at 8% 157,500 87,500 49,000 $ 56,000 Present Value of Net Cash Flows $

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