A company can buy a machine that is expected to have a three-year life and a $44,000 salvage value. The machine will cost $1,685,000 and is expected to produce a $214,000 annual income to be received at the end of each year. Annual depreciation expense is $566,000 per year. If a table of present values of $1 at 14% shows values of 0.8772 for one year, 0.7695 for two years, and 0.6750 for three years, what is the net present