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 $499,000 cost with an expected four-year life and a 11,000 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. (FV of $1, PV of 1, FVA of 1 and PVA of $1 (Use appropriate factor(s) from the tables provided.) Expected annual sales of new product Expected annual costs of new product 51,850,000 Direct materials Direct labor Overhead (excluding straight-line depreciation on new 475,000 671,000 335,000 158,000 Selling and administrative expenses Income taxes 38% Required: 1. 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 Revenues Expenses Net Flow