Factor Company is planning to odd a new product to its line. To manufacture this product, the company needs to buy a new machine at a $480,000 cost with an expected four-year life and a $20,000 salvage value. Additional annuat information for this new product line follows. (PV of. S1. EV of S1. PVA of S1, and EVA. of.51) (Use approprlate factor(s) from the tables provided.) Pequired: 1. Determine income and net cash flow for each year of this machine's ite. 2. Compute this machine's paybuck period, assuming that cash flows occur evenly throughout each year. 3. Compute net present value for this machine using a discount rate of 7 Wh. .. Complete this question by entering your answers in the tabs below. Determane incorne and net cash flow for each year of this machine's iffe. Required: 1. Determine income and net cash flow for each year of this machine's life. 2. Compute this machine's paybsck period, assuming that cash flows occur evenly throughout each year. 3. Compute net present value for this machine using a discount rate of 7%. Complete this question by entering your answers in the tabs below. Compute this machine's paybock period, assuming that cash flows occur evenly throughout each year. 2. Compute this machine's payback period, assuming that cash flows occur evenly throughout each year. 3. Compute net present value for this machine using a discount rate of 7%. Complete this question by entering your answers in the tabs below. Compute net present value for this machine using a discount rate of 7%. (Do not round intermediate calculations. Negative amounts should be entered with a minus sign. Round your present value factor to 4 decimals and final answers to the nearest whole dollat.)