please see attached.

M Connect Saved ework i 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 $487,000 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 EVA of $1) (Use appropriate factor(s) from the tables provided.) Expected annual sales of new product $1, 980, 000 Expected annual costs of new product 460, 000 Direct materials Direct labor 679, 000 Overhead (excluding straight-line depreciation on new machine) 336, 000 Selling and administrative expenses 166, 000 Income taxes 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 Determine expected net income and net cash flow for each year of this machine's life. Expected Net Income Revenue Sales $ 1,980,000 Expenses Direct materials $ 460,000 Direct labor 679,000 Overhead excluding straight-line depreciation on new machine 336,000 Selling and administrative expenses 166,000 Straight-line depreciation on new machine 117,000 Total expenses Income before taxes 1,758,000 Income tax expense Net income Expected Net Cash Flow Net income Straight-line depreciation on new machine Net cash flow 17,000 13