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Cocoa and Cookies Inc. is planning to add a new product to its line. To manufacture this product, the company will need to purchase a new machine costing $820.000 with an expected 10-year useful life and a $70.000 salvage value 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 $11,635,400 Expected annual costs of new product Direct Materials $2.283,000 Direct Labor $5,360,000 Overhead (does not include depreciation) $1,025,000 Selling, General, and Administrative Expenses $2,145,000 Income Tax Rate 21% N WE BA BADS STER www AME A THEY SHEN BATO the KATE ar MIES ANTE SHO www 6316 TIME GOALS GRES MATE WEET AARI SAMI THRE ww 5200 6700 ATTI www. MAN LINES THES vev LELED 4.7004 LIZA LATIN P NEWY HELLY FUNKS stres VINCE 113404 ELKING 123MET Tam 143 BLAND 19123 201 FIREW SATIN LOM ww IBA 41219 S mar SIN APM STAT SE NEYS 1308 14206 XMP THE INSY T SOLCE 25419 EATU LATE 6.THE ne LASK CASA AAND ARKIT 48700 LAS AY GALIN WIFE MES LETNE Wars 2026 4004 CAN sun Sand www www INES Tar's HEPS AWES EVSED DESS (ESO MISS IMN CHET CLIPS MISS WIVE LAMA LXXI KULM AMER SAA 65134 140) CAN www AND SESETS WOME 63003 LOOK INTE SEIFE iw LINES wil M FIREW POVE (MYS SHIFO 63007 6.370 LEZYA www. BOLN PV 8345 DATA LEW LAW KUNI LICE AMIS LA 27751 1429 ANGIE LAITS KEBU BINZE Tara ATHIY 3701 TABI Pe ATION 3.10 LXN AZUR 47600 LINE 112901 FLAD 18 HEARD PASIRI MILY isers SMU 1252 13.139 YZZA M Rule GACH BITE Aura BELED 2417 CURS LOVE tovs Lora ANN May MIES INTE www. FLUES TUES CHM LETM 17232 LETH 14031 15400 42124 431 5.50 01761 ONEW MIVE MAVE TRONG IMMI www w MICH S LRUN 430 CHIM CHO ATS 2017 6824 67012 $7 4.7838 8.372 6703 67118 CASTS ATOME X BAM LIB 67100 LIN ARD SIMO A ATHT ATHE LONA MAX 86831 sen 65 APS 14227 85820 64274 www ****** 19544 Fem 3847 M GRETO SEAR ASM? King SALAD 64190 83812 8.362 108 KONT 6067) TV 63100 62906 6 mes 6.335 LIMA 6.1843 $100 PICT ONLY BRY SEPED GOPED 19950 CONS CONS HELS 14.402 PRONE MOVED MEYD EMIE MOFE MEVE LISES AISTI ANTT EMOS SAM M CHER TOKS ruire SHE'S MITS Hire RES www BAKKE BATIA 8462 ARVE SHIE SINGE SAC WHILE HUYS TIRES LUFT that 100 LIMI SATI AMITY 43112 1301 FMOT AND LMH 1.2950 47677 LOM 8.74 WIN! 6.700 MAI AFTS LO TEAMS SINES 85470 BACK MIEN 63122 MIS 140 AMIS con 43815 www. HOY'S pare MUS URS SOME MIES onts Tours CHE SWY DITO 19629 LOWA A BONE M PNY Exe LAS 8.2011 12402 ASSU 14 $12M UNI IKE NACH ONLES 0904 12991 A CHEST INTE atar's AND BIAM EX784 BUNDY care 1673 LAN 1800 AZON DITS D LOWY MO LOTUS NWE WILE store LAR A BAR 03020 can 8.2164 82047 920 4.2017 8.2250 AND HELD THR wors LAZM 44 TABLE 8.3 WALT WILE www SL IND LOWNL SLOPE utst WHOVE LINI ATTI AMA WOWY BULE GAST AION LOYS 43750 ANIFE THEO THES AMATI tore SMELD 6.1625 M I 0.04.20 1300 6.000 ATME sams 6430 LISA LITH 4011 AMUS KOOR GOT www HEN HELD LIMO PRESE 1825 SENCE 226 M met WORLY 4407) 3282 ATTIS RELE HEES 194 SAIN 55831 1.700 HERE'S T ONLY EIGEN LIVE AMME LAIM BIPFS HONE um 2 AST LING LOW 60472 5328644 12002 LM 7.3018 1242 10544 BUM LAM FLOOR samm 1601 11401 mara 11.2920 BAZ25 12 1 LOW LIBLE 12400 (23471 11654 14 A 1755 82000 12300 FENOME MEUPSIH 6.7791 For Whats SELASAT Required: Compute annual straight-line depreciation for the new machine. (3 points) 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) 5. Compute the accounting rate of return. (4 points) 6. Compute net present value assuming a 8% discount rate. (5 points)