8. Naxtell Limited is seeking to purchase a major piece of equipment which cost US$20 million.

The machine is expected to be sold at scrap by the end of the fifth year for US$5 million. The machine will generate US$4.5 million at the end of every year throughout the life of the machine. The company requires 15 % on the return on its investment. Using the NPV, method should the machine be bought?