Project $Y$ requires a $$310,500$ investment for new machinery with a five$-$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)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Determine Project Y$\text{'}$s net present value using $7\%$ as the discount rate.

Note: Do not round intermediate calculations. Round your present value factor to $4$ decimals and final answers to the nearest

whole dollar.Project Y requires a $$310,500$ investment for new machinery with a five$-$year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Annual Amounts Project Y

Sales of new product $ $395,000$

Expenses

Materials, labor, and overhead $($except depreciation$)176,960$

Depreciation$$Machinery $62,100$

Selling, general, and administrative expenses $28,000$

Income $ $127,940$