Option to Walt Your Company is deciding whether to invest in a new machine. The new machine will increase cash flow by $350,000 per year. You believe the technology used in the machine has a 10-year life; in other words, no matter when you purchase the machine, it will be obsolete 10 years from today. The machine is currently priced at $2,000,000. The cost of the machine will decline by $ 160.000 per year until it reaches $1,200,000, where it will remain. If your required return is 12 percent, should you purchase the machine if so, when should you purchase it?