solve ec

Factor Company is planning to add a new product to its line. To manufacture this product, the company needs fo buy a new machine at a $480,000 cost with an expected four-year life and a $20,000 salvage value. Additional annual information for this new product ilne follows. (PV of \$1, EV of S1, PVA of S1, and EVA of \$1) (Use oppropriate factor(s) from the tables provided.) Required: 1. Deternine 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 yeat. 3. Compute net present value for this machine using a discount fate of 7%. Camplete this question by entering your answers in the tabs below. Whioin deshas: Complete this question by entering your answers in the tabs below. Determine income and net cash flow for each year of this machine's life. 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. Compute this machine's payback perlod, 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. Compute net present value for this machine using a discount rate of 7\%. (Do not round intermediate calculations. Negative amounts should be entered with a minus sion. Round your present value factor to 4 decimals and final answers to the nearest whole dollar.) Table B.1* Present Value of 1 p=1/1+nn