3 A machine can be purchased for $50,000 and used for five years, yielding the following net incomes. In projecting net incomes, straight-line depreciation is applied using a five-year life and a zero salvage value. Net income Year 1 $3,300 Year 2 $ 8,300 Year 3 $ 30,000 Year 4 $ 12,400 Year 5 $33,200 01:41:26 Compute the machine's payback period (ignore taxes). (Round your intermediate calculations to 3 decimal places and round payback period answer to 3 decimal places.) Year Net Income Depreciation Net Cash Flow Cumulative Cash Flow 0 $ (50,000) $ (50,000) 1 $ 3,300 8,300 2 3 onowo 30,000 4 12,400 0 5 33,200 0 Payback period = B2B Co. is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is expected to cost $379,200 with a 10-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 151,680 units of the equipment's product each year. The expected annual income related to this equipment follows. $ 237,000 Sales Costs Materials, labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (20%) 83,000 37,920 23,700 144,620 92,380 18,476 Net income S 73,904 If at least an 9% return on this investment must be earned, compute the net present value of this investment. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Chart Values are Based on: n = % Select Chart Amount PV Factor Present Value $ 0 Net present value