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Tlme remaining: 2:32:50 100.00 points Lucas Company is oonsidering investing in a new machine. The...

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Tlme remaining: 2:32:50 100.00 points Lucas Company is oonsidering investing in a new machine. The machine costs $12,000 and has an economic life of four years. The machine will generate cash flows of $3,500 (cash revenues less cash expenses) each year. All cash flows, excapl for the initial investment, are realized al the end of the year. The inveslmen in the machine will be made at the beginning of the first year. Luces is nol subject to any laxes and, for financial accounting purposes, wil depreciate the machine using straight-line depreciation over four years. Lucas uses a percent cost of capital when evaluating investments. Use ExhbiLA a. Calculate the accounting income for the total over four years b. Compute the NPV of the cash flows over four years (Round PV factor to 3 decimal places. Negative amount should be indicated by a minus sign.) t value References Difficully 3 Hard Check my work 9:26 PM

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