Problem 24-1A (Algo) Payback period, net present value, and net cash flow calculation LO P1, P3 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 $511,000 cost with an expected four-year life and a $15,000 salvage value. Additional annual Information for this new product line follows. (PV of 51. FV or S1 PVA of S1, and PVA of $) (Use appropriate factor(s) from the tables provided.) Sales of new product $ 1,860,000 Expenses Materials, labor, and overhead (except depreciation) 1,491,200 Depreciation-Machinery 124,000 Selling, general, and administrative expenses 253,000 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 7%. Complete this question by entering your answers in the tabs below. Required Required 2 required) Determine income and net cash flow for each year of this machine's life. $ 1,010 Expected Income Revenues Sales Expenses Maria labor and overhead except depreciation) Depreciation Machinery Sen general and we expense 5 1472.000 110.000 157.000 Complete this question by entering your answers in the tabs below. Required i Required 2 Required Determine income and net cash flow for each year of this machine's life. $ 1.910 Expected Income Revenues Sales Expenses Materials, labor and overhead (except depreciation) Depreciation Machinery Selling general, and administrative expenses $ 1,472,000 118,000 157.000 Total expenses 1.747,000 5 163.000 Expected Net Cash Flow 0 5 163.000 495.000 Net cash flow Required 2 > Sales of nel product 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 $511,000 cost with an expected four-year life and a $15,000 salvage value. Additional annual information for this new produa line follows PV of $1. FV of $1. PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided.) nel $ 1,860,000 Expenses Materials, labor, and overhead (except depreciation) 1,491, 000 Depreciation Machinery 124,000 Selling, general, and administrative expenses 153,000 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 7% Complete this question by entering your answers in the tabs below. Required Required 2 Required Compute this machine's payback period, assuming that cash flows occur evenly throughout each year. Payback Period Denominator Numerator Payback Period Depreciation Machinery Selling, general, and administrative expenses 124, MUU 153,000 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 7%. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Compute net present value for this machine using a discount rate of 7%. (Do not round intermediate calculations. Round your present value Factor to a decimals and final answers to the nearest whole dollar) Chan values are based on A Select Chart Amount py Factor Present Value Cash Flow Annual cash flow Salvage Value 0 Net present value