Required information [The following information applies to the questions displayed below.] Project Y requires a $330,000 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. FV of $1. PVA of $1, and FVA 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 7% 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 Net Cash Flows Project Y $ 395,000 Present Value of Annuity at 7% 176,960 82,500 28,000 $ 107,540 Present Value of Net Cash Flows $ 0

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