4. Determine each projects net present value using 9% as the discount rate. Assume that cash flows occur at each year-end. (Round your intermediate calculations.) Show All Work Please

Most Company has an opportunity to invest In one of two new projects. Project Y requires a $330,000 Investment for new machlnery with a slx-year life and no salvage value. Project Z requlres a $330,000 Investment for new machlnery with a five-year lfe and no salvage value. The two projects yleld the following predicted annual results. The company uses straight-line depreclaton, and cash flows occur evenly throughout each year. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use approprlate factor(s) from the tables provided.) Project Y Project z $385,000 $308,000 Sales Expenses Direct materials Direct labor Overhead including depreciation Selling and administrative expenses 53,90038,500 77,000 46,200 138,600 138, 600 28,000 27,00e 297,500 250, 300 57,700 21, 926 $54,250 35,774 Total expenses Pretax income Income taxes (38%) Net income 87,500 33,250 4. Determine each project's net present value using 9% as the discount rate. Assume that cash flows occur at each year-end. (Round your Intermedlate calculations.) Project Y Chart values are based on Select Chart Amount PV FactorPresent Value Present Value of an Annuity of 1$ 9.250x Present value of cash inflows Present value of cash outflows Net present value Project Z Chart values are based on Select Chart Amount PV FactorPresent Value Present Value of an Annuity of 1$ 101.774|xi Present value of cash inflows Present value of cash outflows Net present value