C 4 Solved: Work the follow M CH 25 Hw 0.6270471866986433 1523636535038 velue 100.00 points Factor Company is planning to add a new product to its line. To manufacture this product, the company needs to buy a new machine at a $515,000 cost with an expected four year life and a $23,000 salvage value. All sales are for cash, and all costs are out-of pocket except for depreciation on the new machine Additional information includes the following. (FV of $1. PV of S1. EVA of S1 and PVA of S1) (Use appropriate factors) from the tables provided.) Expected annual sales of new product $1,980,000 Direct materials Direct labor Overhead (excluding straight-ine depreciation on new machine) 337,000 Selling and administrative expenses Income taxes 500,000 675,000 172,000 32% Required: 1. Compute straight-line depreciation for each year of this new machine's life Straight-line 2. Determine expected net income and net cash low for each year of this machine's ife Expected Net Income O Type here to search IDD