1-3 please

1. Barack, Inc. is considering investing in a machine (asset) for $147,500 with an estimated useful life of eleven years and no residual value. Barack uses straight-line depreciation to calculate depreciation expense on its assets. Other non-cash operating expenses directly associated with this asset are estimated to be $1,500 per year. The machine is expected to generate net income of $2,000 each year for the first six years, and $500 per year for the remaining five years. a) Calculate annual straight-line depreciation expense for this asset (round to nearest S1). b) Calculate the estimated cash payback period of the investment in this asset (round to nearest 0.0 years). 2. A company is considering purchasing a machine (asset) that costs $320,000 and is estimated to have a $40,000 residual value at the end of its eight-year useful life. If the machine is purchased, annual revenues from its operation are expected to be $110,000 and annual cash operating expenses (not including depreciation expense) are expected to be $29,000. a) Calculate annual straight-line depreciation expense for this asset (round to nearest Sl). b) If the machine is purchased, calculate the average rate of return expected on this machine (rounded to 0.0%). 3. Englestone, Inc. recently invested in an asset with a purchase cost of $123,000. Net annual cash flows from the asset were $25,000, and the net present value was $2,825. Find the approximate useful life of the asset in years, assuming a 9% minimum desired rate of return