I have all the parts correct except the present value cash flow. What am I doing wrong?

13 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 $491,000 cost with an expected four-year life and a $23,000 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.) ts $1,870,000 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 455,000 674,000 338,000 143,000 38% 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 Comutathie machinale navhark narin acarimin that cachowe Avenly throughout each ver 4. Compute this machine's accounting rate of return, assuming that income is earned evenly throuy 5. 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) Answer is complete but not entirely correct. Chart Values are Based on: n 1 = 6 % Cash Flow Select Chart Amount PV Factor s 205,660 X 3.4651 S Annual cash flow Residual value $ 23,000 X 0.7921 = Present Value of an Annuity of 1 Present Value of 1 Present value of cash inflows Present value of cash outflows Net present value OOO Present Value 712,632 18,218 730,850 491,000 239,850 $ $ Determine expected net income and net cash flow for each year of this machine's life. Expected Net Income Revenues Sales $ 1,870,000 Expenses Direct materials Direct labor Overhead excluding straight-line depreciation on new machine Selling and administrative expenses Straight-line depreciation on new machine 455,000 674.000 338.000 143,000 117000 TARTANA 27. Retur 3 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 Choose Numerator: Annual after-tax net income $ 88,660 Accounting Rate of Return Choose Denominator: Annual average investment S 257 000 1 Accounting Rate of Return Accounting rate of return 34.50 %