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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 $515,000 cost with an expected four-year life and a $20,000 salvage value Additional annual information for this new product line follows. (PV of $1. FV of S1. PVA of S1, and FVA of 5) (Use appropriate factor(s) from the tables provided.) Sales of new product $ 1,840,000 Expenses Materials, labor, and overhead (except depreciation) 1,485,000 Depreciation-Machinery 123,750 Selling, general, and administrative expenses 176,000 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 6% Complete this question by entering your answers in the tabs below. 0958 Required 1 Required 2 Required 3 Determine income and net cash flow for each year of this machine's life. Cash Flow Income 1,340,000 5 Annual amounts Sales of new product Expenses Materials labor and overhead (except deprecation) Depreciation - Machinery Seling general and administrative expenses Income Netch Bow 1.435.000 123.750 175,000 55.250 $ $ Regard Required 2 > Factor Company is planning to add a new product to its line. To manufacture this product, the company a $515,000 cost with an expected four-year life and a $20,000 salvage value. Additional annual inform follows. (PV of $1. FV of $1. PVA of $1. and FVA of $1 (Use appropriate factor(s) from the tables provid SGs Sales of new product $ 1,840,000 Expenses Materials, labor, and overhead (except depreciation) 1,485,000 Depreciation-Machinery Selling, general, and administrative expenses 176,000 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 6%. COD123,758 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine income and net cash flow for each year of this machine's life. Cash Flow Income 1,840,000 $ Annual amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling general, and administrative expenses Income Net cash flow 1,485.000 123.750 176,000 $ 55,250 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 ea 3. Compute net present value for this machine using a discount rate of 6% Complete this question by entering your answers in the tabs below. deco Required 1 Required 2 Required 3 conten Compute this machine's payback period, assuming that cash flows occur evenly throughout each year. Numerator: Payback Period Denominator: Payback Period 0 11 question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute net present value for this machine using a discount rate of 6%. (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) Net Cash Present Value Present Value of Flows at 6% Net Cash Flows Years 1-4 0 Salvage value year 4 Total 0 Net present value