Cocoa and Cookies Inc. is planning to add a new product to its line. To manufacture this product, the company willneed to purchase a new machine costing $820,000 with an expected 10-year useful life and a $70,000 salvage value.For this company, all sales are for cash and all costs are out-of-pocket, except for depreciation on the new machine.Sales and cost information:Expected annual sales ofnew product. $ 11.635,400 Expected annual costsof new product: Direct Materials: $2.283.000Direct Labor: $5.360,000Overhead (does not include depreciation): $1,025,000Selling, General, andAdministrative Expenses: $2,145,000Income Tax Rate: 21%Required:1. Compute annual straight-line depreciation for the new machine. 2. Determine net income for each year3. Determine net cash flow for each year.4. Compute the machine's payback period, assume cash flows occur evenly.5. Compute the accounting ratel of return.6. Compute net present value assuming a 8% discount rate.**** PLEASE show work traditional with formulas and mathematical work. Please do not use excel or tables to show your work since i have not been taught that method. I need to clearly show how I got each required questions answer through traditional methods instead of tables. thank you so much.

TABLE B. 1' p = 1/(1+i Present Value of 1 Rate 15% 6% 7% 8% 9% 10% 12% 15% Periods 1% 2% 3% 4% 0.909 0.8929 0.8696 0.990 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.8573 0.8417 0 8264 0.7972 0.7561 0.9803 0.9612 0.9426 0.9246 0.9070 0.8900 0.8734 0.8163 0.7938 0.7722 0.7513 0.7118 0.6575 0.9706 0.9423 0.9151 0.8890 0.8638 0.8396 0.9238 0.8885 0.8548 0.8227 0.7921 0.7629 0.7350 0.7084 0.6830 0.6355 0.5718 0.9610 D.6209 0.5674 0.4972 0.9515 0.9057 0 8626 0.8219 0.7835 0.7473 0.7130 0.6806 0.649 0.5963 0.5645 0.5066 0.4323 0.9420 0.8880 0.8375 0.7903 0.7462 0.7050 0.6563 0.6302 0.5835 0.5470 0.5132 0.4523 0 3759 0.9327 0.8706 0.8131 0.7599 0.7107 0.6651 0.6227 0.8535 0 7894 0.7307 0.6768 0.6274 0.5820 0.5403 0.5019 0 4665 0.4039 0.3269 0.9235 0.7026 0.6446 0.5919 0.5439 0.5002 0.4604 0.4241 0.3606 0.2843 0.9143 0.8368 0.7664 0.7441 0.6756 0.6139 0.5584 0.5083 0.4632 0.4224 0.3855 0.3220 0.2472 0.9053 0.8203 0.6496 0.5847 0.5268 0.4751 0.4289 0 3875 0 3505 0.2875 0 2149 11 0.896 0.804 0.7224 0.4970 9.4440 0 3971 0.3555 0.3186 0.2567 0.1869 0.8874 0.7885 0.7014 0.6246 0.5568 0.8787 0.7730 0.6810 0.6006 0.5303 0.4688 0.4150 0.3677 0.3262 0 2897 0.2292 0.1625 0 3405 0.2992 0 2633 0.2046 0.1413 0.8700 0.7579 0.6611 0.5775 0.5051 0.4423 0.3878 0.1827 0.1229 0.8613 0.7430 0.6419 0.5553 0.4810 0.4173 0 3624 0.3152 0.2745 0.2394 0. 1069 0.8528 0.7284 0.6232 0.5339 0 4581 0.3936 0.3387 0.2919 0.2519 0.2176 0.1631 0.0929 0.8444 0.7142 0.6050 0.5134 0.4363 0.3714 0.3166 0.2703 0.2311 0. 1978 0.1456 0.1300 0.0808 18 0.8360 0.7002 0.5874 0.4936 0.4155 0.3503 0.2959 0.2502 0.2120 0.1799 0.1161 0.0703 0.8277 0.6864 05703 0.4746 0.3957 0.3305 0.2765 0.2317 0. 1945 0. 1635 0.8195 0.6730 05537 0.4564 0.3769 03118 0.2584 0 2145 0. 1784 0 1486 0. 1037 0.0611 0.4776 0.3751 0.2953 0.2330 0.1842 0.1460 0.1160 0.0923 0.0588 0.0304 0.7798 0.6095 0.7419 0.5521 0.4120 0.3083 0.2314 0.1741 0.1314 0.0994 0.0754 0.0573 0.0334 0.0151 0.0075 0.7059 0.5000 0.3554 0.2534 0.1813 0.1301 0.0937 0 0676 0.0490 0.0356 0.0189 0.0037 0.6717 0.4529 0.3066 0.2083 0.1420 0.0972 0.0668 0 0460 0.0318 0.0221 0.0107 Used to compute the present value of a known future amount. For example: How much ch would you need to invest today at 10% compounded se mually to accumulate $5 0OO in 6 years from tixday? Using the factors of s = 12 and / = 5% (12 s mal periods and a al rite of 5%), the factor is 0.5568. You would need to invest $2.784 today ($5,000 x 0.5565). 1 TABLE B.3 P = (1 +1)" Present Value of an Annuity of Rate 10% 12% 15% Periods 1% 2% 4% 5% 8% 0.990 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.8929 0.8696 1.9416 1.9135 1.8080 1 7591 1.6257 1.8594 1 7833 1.7355 1.6901 1.9704 18861 1.8334 2.4018 2 2832 2.941 2.8839 2.8286 2.7751 2.7232 2.673 2.6243 2.5771 2.5313 2.4869 3.8077 3.7171 3.6299 35460 3.4651 3.3872 3.3121 3.2397 3.1699 2.8550 3.9020 4.5797 1.4518 4 3295 4.2124 4.1002 3.9927 3.889 3.7908 3.6048 3.3522 4.8534 4.7135 5.6014 5.4172 5.2421 5 0757 4.9173 4.7665 4.6229 4.4859 4.3553 4.1114 3 7845 5.7955 1.7282 6.4720 6.2303 6.0021 5.7864 5824 5.3893 5.2064 5.0330 4.8684 4.5638 4.1604 7.6517 7.3255 7.0197 6.7327 6.4632 6.2098 5.9713 5.746 5.5348 5.3349 4.9676 4 4873 6 2469 5.7590 5.3282 4.7716 8.5660 8.1622 7.7861 7.4353 7.1078 6.8017 6.5152 5.9952 5.0188 9.4713 8 9826 8.5302 8.1109 7.7217 7.3601 7.0236 6.7101 6.4177 6.1446 5.6502 9.7868 9.2526 8.7605 8.3064 7.8869 7.4987 7.1390 6.8052 6.4951 5.9377 5.2337 10.3676 11.2551 10.5753 9.9540 9.3851 8.8633 8.3838 7.5361 7.1607 6.8137 6.1944 5.4206 2.1337 11.3484 10.6350 9.985 9.3936 1.8527 8.3577 7.9038 7.4869 7.1034 6.4235 5 5831 13.0037 12.1062 11.2961 10.5631 9.8986 9.2950 8.7455 8.2442 7 7862 7.3667 6.6282 5.7245 11.9379 11.1184 10.3797 9.7122 9. 1079 8.5595 8.0607 7.6061 6.8109 13.8651 12 8493 135777 125611 11.6523 10.8378 10.105 8.8514 8.3126 6.9740 5.9542 147179 6 0472 15 5623 14.2919 13.1661 12.1657 11.2741 10.4773 9.7632 9.1216 8.5436 8.0216 7.1196 18 13 7535 11.6896 10.0591 9.3719 8.7556 8.2014 7.2497 16.3983 14 9920 12.6593 10.8276 6.1280 19 17.2260 15.6785 14.3238 13.1339 12.0853 11.1581 10.3356 9.6036 8.9501 8 3649 7.3658 6.1982 6 2593 20 18.0456 16.3514 14.8775 13 5903 12 4622 11.4699 10.5940 9.8181 9.1285 8.5136 4694 9.0770 7.8431 6.4641 22.0232 19.5235 17.4131 15 6221 14.0939 12 7834 11.6536 10.6748 9.8226 25.8077 22.3965 19.6004 17.2920 15.3725 13.7648 12.4090 11.2578 10.2737 9.4269 8.0552 6.5660 21.4872 18.6646 16.3742 14.4982 12.9477 11.6546 10.5668 9.6442 6.6166 29.40 32 8347 27.3555 23.1148 19.7928 17.1591 15.0463 13.3317 11.9246 10.7574 9.7791 8.2438 6.6418 Used to calculme the prese ments made at the end of each period. For example: What is the present value of $2.000 per year for 10 years in annual interest rate of 9. For (s = 10. 1= 95:). the PV factor is 6.4177. $2,000 per year for 10 years is the equivalent of $12 835 today ($2,000 x 6.4177). Required