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Project $Y$ requires a $$350,000$ irvestment for new machinery with a four$-$year life and no salvage value. The project yields the foll owing annual results. Cash flows occur evenly within each year. $($PV of $$1,$ PV of $$1,$ PVA of $$1,$ and FVA of $$0)$ Note: Use appropriate factor$($s$)$ from the tables provided.

$\backslash$table$[[$Annual Anounts,$],[$Sales of mew product,Project Y$],[$Fxpenses$,5350,090],[\backslash$table$[[$Naterials$,$ labor, and overhead $($except depreciation$)],[$Depreciation$-$Machinery$]],157,500],[$Selling$.$ Eeneral, and adninistrative expenses,$\backslash$table$[[37,500],[49,$ ene$]]],[$Fnctare$,$$ $56,000]]$

Required:

Compute project Y$\text{'}$s annual net cash flows.

$\backslash$table$[[$Anhual amounts,Incorne,Cash flow$],[$Sales of new product,$8350,000,],[$Epenses$,,],[$Materlats$,$ labor, and overhead $($except depreciation$),157,500,],[$Depreciation$-$Machinery,$87,500,],[$Selling$.$ general, and administrative expenses,$49,000,],[$Incone$,$$ $56,000,],[$Net cash flow,,$ $0]]$