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 $483,000 cost with an expected four-year life and a $10,000 salvage value. Additional annual information for this new product line follows. (PV of $1, FV of $1, PVA of $1, and FVA of $1)

Note: Use appropriate factor(s) from the tables provided.

Sales of new product	$ 1,850,000
Expenses
Materials, labor, and overhead (except depreciation)	1,470,000
DepreciationMachinery	118,250
Selling, general, and administrative expenses	149,000

Required:

1. Determine income and net cash flow for each year of this machines life.
2. Compute this machines payback period, assuming that cash flows occur evenly throughout each year.
3. Compute net present value for this machine using a discount rate of 7%.

ANSWER IN A CHART FORMAT IF POSSIBLE THANK YOU

ractor Company is pianning to ada a new product to its une. 10 manuracture tnis product, the company needs to ouy a new macnine at a $483,000 cost with an expected four-year life and a $10,000 salvage value. Additional annual information for this new product line follows. (PV of \$1, FV of \$1, PVA of \$1, and FVA of \$1) 13 Note: Use appropriate factor(s) from the tables provided. Note: Use appropriate factor(s) from the tables provided. 5 points Required: 1. Determine income and net cash flow for each year of this machine's life. 2. Compute this machine's payback period, assuming that cash flows occur evenly throughout each year. 3. Compute net present value for this machine using a discount rate of 7%. Complete this question by entering your answers in the tabs below. Required: 1. Determine income and net cash flow for each year of this machine's life. 2. Compute this machine's payback period, assuming that cash flows occur evenly throughout each year. 3. Compute net present value for this machine using a discount rate of 7%. Complete this question by entering your answers in the tabs below. Compute this machine's payback period, assuming that cash flows occur evenly throughout each year. Determine income and net cash flow for each year of this machine's life. Note: Use appropriate factor(s) from the tables provided. 13 5 Required: Required: 1. Determine income and net cash flow for each year of this machine's life. 2. Compute this machine's payback period, assuming that cash flows occur evenly throughout each year. 3. Compute net present value for this machine using a discount rate of 7%. 1. Determine income and net cash flow for each year of this machine's life. 2. Compute this machine's payback period, assuming that cash flows occur evenly throughout each year. 3. Compute net present value for this machine using a discount rate of 7%. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Compute net present value for this machine using a discount rate of 7%. Note: Do not round intermediate calculations. Negative amounts should be entered with a minus sign. Round your present value factor to 4 decimals and final answers to the nearest whole dollar. Compute this machine's payback period, assuming that cash flows occur evenly throughout each year