A machine that costs $1,500,000 has a 3-year life. It will generate annual cash flows of $700,000 at the end of each year. It will be salvaged for $200,000 (after tax) at the end of year 3 . If your required rate of return for the project is 15%, what is the NPV of this investment? None is correct. $238,395 $291,417 $600,000 $229,761