Ch 24 Homework Question 1 (of 2) 1100 points Problem 24-1A Computation of payback period, accounting rate of return, and net prese 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 $511,000 with an expected four-year life and a $19,000 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. EV of $1, oLs1 EVA of $1 and PMA of $11) (Use appropriate factor(s) from the tables provided.) Expected annual sales of new product $1,950,000 Expected annual costs of new product Direct materials 485.000 Direct labor 674,000 Overhead (excluding straight-line depreciation on new machine 337,000 Selling and administrative expenses 142.000 Income taxes Required: 1. Compute straight-line depreciation for each year of this new machine's life. Straight-line depreciation