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 $575,000 cost with an expected four-year life and a $58,000 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. (PV of $1. FV of $1 PVA of S1, and FVA of S1) (Use appropriate factor(s) from the tables provided.) Expected annual sales of new p Expected annual costs of new product roduct 52,030,000 Direct materials Direct labor Overhead excluding straight-line depreciation on new machine Selling and administrative expenses Income taxes 575,000 601.000 355,000 179,000 4096 Required: 1. Compute straight-line depreciation for each year of this new machine's life. 517,000 2. Determine expected net income and net cash fow for each year of this machine's life net income Revenues Sales Expenses Direct materials Direct labor