1. The Loviscek Co. is considering the purchase of a new machine. Financial projections for the investment are provided below. 150,000 Year Cost of New Machine Revenues Expenses Depreciation Net Working Capital 200,000 150,000 25,000 25,000 250,000 165,000 25,000 30,000 20,000 After Year 2 cash flows will grow at a constant rate of 3% forever. The company discounts all cash flows at 10% and a marginal tax rate of 30%. What is the Net Present Value of the project