Factor Company is planning to add a new product to its line. To manufacture this a $503,000 cost with an expected four-year life and a $15,000 salvage value. All sales are for except for depreciation on the new machine. Additional S1) (Use appropriate factor(s) from the tables provided.) product, the company needs to buy a new machine a cash, and all costs are out-of-pocket, Expected annual sales of new product Expected annual costs of nev product 1,870,000 Direct materials Direct labor Overhead (excluding straight-line depreciation on new machine) selling and administrative expen Income taxes 85,000 673,000 37,000 158,000 368 Required: . Compute straight-line depreciation for each year of this new machine's life. 2. Determine expected net income and net cash flow for each year of this machine's life. 3. Compute this machine's payback period, assuming that cash flows occur evenly throughout each year evenly throughout each year suming that cash flows occur at each year-en Compute this machine's accounting rate of return, assuming that income is earned 5. Compute the net present value for this machine using a discount rate of 8% and as Hint Salvage value is a cash inflow at the end of the asset's life) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required S Compute straight-line depreciation for each year of this new machine's life Required 2