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 $780,000 cost with an expected four-year life and a $50,000 salvage value. All sales are for cash, and all costs are out-of-pocket, except for depreclation on the new machine. Additional Information includes the following. (PV of $1, FV of $1, PVA of $1, and FVA of $1 (Use approprlate factor(s) from the tables provlded. Round PV factor value to 4 declmal places.) S2, 590,000 Expected annual costs of ne product Direct materials Directlabor 510,000 702,000 636, 000 190,000 Selling and adiministrative expenses Income taxes Required 1. Compute straight-Iine depreclation for each year of this new machine's Iife. 2. Determine expected net Income and net cash flow for each year of this machine's life. 5, compute the net present value for this machine using a discount rate of 6% and assuming that cash flows occur at each year-end. (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 1Required 2 Required 3 Required 4 Required 5 Compute straight-line depreciation for each year of this new machine's life. Straight-line depreciation Required 1 Required 2> Required 1 Required 2 Required 3 Required 4 Required 5 etermine expected net income and net cash flow for each year o Expected Net Income Revenues Expenses Expected Net Cash Flow Required 1 Required 3 > 1. Compute straight-line depreclation for each year of this new machine's Iife. 2. Determine expected net Income and net cash flow for each year of this machine's life. 3. Compute this machine's payback perlod, assuming that cash flows occur evenly throughout each year. 4. Compute this machine's accounting rate of return, assuming that Income is earned evenly throughout each year. 5. Compute the net present value for this machine using a discount rate of 6% and assuming that cash flows occur at each year-end. (Hint: Salvage value ls 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 2Required 3Required 4 Required 5 Compute this machine's payback period, assuming that cash flows oc evenly throughout . Payback Period Choose Numerator: Choose Denominator: Payback Period Payback period K Required 2 Required4 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute this machine's accounting rate of return, assuming that income is earned evenly throughout each year. Accounting Rate of Return Choose Numerator: Choose Denominator: Accounting Rate of Return Accounting rate of return Required 3 Required5> Required 1 Required 2 Required 3 Required 4 Required 5 Compute the net present value for this machine using a discount rate of 6% and assuming that cash flows occur at each year-end. (Hint: Salvage value is a cash inflow at the end of the asset's life.) (Do not round intermediate calculations. Amounts to be deducted should be indicated by a minus sign.) Chart Values are Based on Select Chart AmountPV Factor Present Value Cash Flow Annual cash flow Residual value Net present value K Required 4 Required5