hello i need help on req 5. information is provided thank you.

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 $503,000 cost with an expected four-year life and a $19,000 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. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) $1,910,000 Expected annual sales of new product Expected annual costs of new product Direct materials Direct labor Overhead (excluding straight-line depreciation on new machine) Selling and administrative expenses Income taxes 475,000 674,000 338,000 175,000 40% Required: 1. Compute straight-line depreciation for each year of this new machine's life. 2. Determine expected net income and net cash flow for each year of this machine's life. 3. Compute this machine's payback period, assuming that cash flows occur evenly throughout each year. 4. Compute this machine's accounting rate of return, assuming that income is earned evenly throughout each year. 5. Compute the net present value for this machine using a discount rate of 8% 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.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute straight-line depreciation for each year of this new machine's life. Straight-line depreciation $ 121,000 cxpected Net Income Revenues Sales $ 1,910,000 Expenses Direct materials $ 475,000 Direct labor 674,000 338,000 Overhead excluding straight-line depreciation on new machine Straight-line depreciation on new machine Selling and administrative expenses 121,000 175,000 Total expenses 1,783,000 Income before taxes 127,000 Income tax expense OOO 50,800 76,200 $ Net income Expected Net Cash Flow Net income Straight-line depreciation on new machine 76,200 121,000 197,200 Net cash flow $ X Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute this machine's payback period, assuming that cash flows occur evenly throughout each year. Payback Period Choose Numerator: Choose Denominator: Payback Period Cost of investment Annual net cash flow Payback period $ 503,000 1 $ 197,200 = 2.55 years X Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute this machine's accounting rate of return, assuming that income is earned evenly throughout each year. Choose Numerator: Accounting Rate of Return Choose Denominator: Annual average investment Annual after-tax net income = Accounting Rate of Return Accounting rate of return 29.20 % EA 76,200 261,000