For this company, all sales are for cash and all costs are out$-$of$-$pocket, except for depreciation on the new machine. Sales and cost information: Expected annual sales of new product $ $11,234,500$ Expected annual costs of new product: Direct Materials$ $2,283,000$ Direct Labor $$5,360,000$ Overhead $($does not include depreciation$)$ $ $1,025,000$ SellingGeneral, and Administrative $$2,145,000$ Expenses Income Tax Rate $21\%$ Required: $1.$ Compute annual straight $-$line depreciation for the new machine. $(3$ points$)2.$ Determine net income for each year. $(5$ points$)$ Determine net cash flow for each year. $(4$ points$)4.$ Compute the machine's payback period, assume cash flows occur evenly. $(4$ points$)$ Compute the accounting rate of return$(4$ points$)6.$ Compute net present value assuming a $8\%$ discount rate. $(5$ points$)$