Factor Company is planning to add a new product to its Iine. To manufacture this product, the company needs to buy a new machine at a $$503,000$ cost with an expected four$-$year life and a $$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 appropilate factor$($s$)$ from the tables provided.

Sales of new product

Expenses

Materials, labor, and overhead $($except depreciation$)$

Depreciation$-$Machinery

Selling, general, and administrativ$$ expenses

$$1,980,000$

$1,488,000$

$123,250$

$150,000$

Requlred:

Determine income and net cash flow for each year of this machine's life.

Compute this machine's payback period, assuming that cash flows occur evenly throughout each year.

Compute net present value for this machine using a discount rate of $8\%.$

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Required $2$

Determine income and net cash flow for each year of this machine's life.

$\backslash$table$[[$Annual amounts,,Income,,Flow$],[$Sales of new product,$$,1,980,000,$$$,255,500$