I would appreciate it of you could please share steps and formulas used to solve this exercise--thank you!

Exercise. Able Company's management is considering the purchase of a new machine at a cost of $165,000. The machine has a 5-year life expectancy and will generate additional sales of $75,000 per year and additional expenses other than depreciation of $25,000 (all cash). Depreciation will use the straight-line method. The discount rate is 10% Required: 1. Compute the Payback period. 2. Compute the Accounting Rate of Return. 3. Compute the Net Present Value. 4. Re-compute the payback period only if we assume that both revenues and cash expenses increase by 10% each year