A company is considering adding a new product line. The new product line would require machinery that costs $600,000, has a 6 -year life, and no salvage value. The company requires at least a 10\% return on new investments. The expected annual income for each year from this investment follows. Note: Use appropriate factor(s) from the tables provided. (PV of \$1, EV of \$1, PVA of \$1, and EVA of \$1) Sales of new product $560,000 Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery selling, general, and administrative expenses Income Complete this question by entering your answers in the tabs below. Calculate the net present value for this new investment. Note: Round your present value factor to 4 decimals and other final answers to the nearest whole doliar. A company is considering adding a new product line. The new product line would require machinery that costs $600,000, has a 6 -year life, and no salvage value. The company requires at least a 10% return on new investments. The expected annual income for each year from this investment follows. Note: Use appropriate factor(s) from the tables provided. (PV of \$1, FV of \$1, PVA of \$1, and FVA of \$1) Sales of new product Expenses $560,090 Materials, labor, and overhead (except depreciation) Depreciation-Machinery selling, general, and administrative expenses Income 295,690 180,600 74,460 596,000 Complete this question by entering your answers in the tabs below. Should the investment be accepted or rejected on the basis of net present value? Should the investment be accepted or rejected on the basis of net present value