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Elite 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 $492,000 cost with an expected four-year life and a $18.800 salvage value. All sales are for cash, and all costs are out of pocket except for depreciation on the new machine. Additional information includes the following Compute straight-line depreciation for each year of this new machine's life. (Omit the "$" sign in your response.) Determine expected net income and net cash flow for each year of this machine's life. (Round your answers to the nearest dollar amount. Omit the "$" sign in your response.) Compute this machine's payback period, assuming that cash flows occur evenly throughout each year. (Round your answer to 2 decimal places.) Compute this machine's accounting rate of return, assuming that income is earned evenly throughout each year. (Round your answer to 2 decimal places. Omit the "%" sign in your response.) Compute the net present value for this machine using a discount rate of 6% and assuming that cash flows occur at each year-end. (Hint: Salvage value is a cash inflow at the end of the asset's life.) (Round "PV Factor" to 4 decimal places. Round your intermediate calculations and final answer to the nearest dollar amount. Omit the "$" sign in your response.)