JUST NEED HELP WITH THE LAST ONE. Also, when i checked my work it says required 2 is not complete but im not sure what else i could add since the final answer is correct!

Problem 25-1A Computation of payback period, accounting rate of return, and net present value LO P1, P2, P3 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 $540,000 cost with an expected four-year life and a $26,000 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. Round PV factor value to 4 decimal places.) $ 1,990,000 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 486,000 678,000 396,000 166,000 30% 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 6% and assuming that cash flows occur at each year-end. (Hint: Salvage value is a cash inflow at the end of the assets 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 $ 128,500 Required 1 Required 2 Expected Net Income Revenues Sales $ 1,990,000 Expenses Direct materials $ 486,000 678,000 Direct labor Overhead excluding straight-line depreciation on new machine 396,000 Selling and administrative expenses Straight-line depreciation on new machine 166,000 128,500 Total expenses 1,854,500 135,500 Income before taxes Income tax expense 40,650 94,850 Net income $ Expected Net Cash Flow Net income $ Straight-line depreciation on new machine Net cash flow 94,850 128,500 223,350 $ 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 $ 540,000 / $ 223,350 = 2.42 years