A machine is expected to produce increases in cash operating costs of $205,000 for the next five years.

FV of 1 (i = 12%, n = 5):	1.762
FV of a series of $1 cash flows (i = 12%, n = 5):	6.353
PV of $1 (i = 12%; n = 5):	0.567
PV of a series of $1 cash flows (i = 12%, n = 5):	3.605

If the company has a(n) 12% after-tax hurdle rate and is subject to a 30% income tax rate, the correct discounted net cash flow would be: