Project Y requires a $350,000 investment for new machinery with a four-year life and no...

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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. FV of $1. PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Project Y W Sales of new product $ 350,000 Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery 157,500 87, See Selling, general, and administrative expenses 49,000 Income $ 56,000 Required: 1. Compute project Y's annual net cash flows. Expected Income Revenues Expenses Expected Net Cash Flow 10 Net cash flow

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