A new machine is expected to produce a MACRS deduction in three years of $160,000.

Year	FV of $1 at 9%				FV of an ordinary annuity at 9%				PV of $1 at 9%				PV of an ordinary annuity at 9%
1		1.090				1.000				0.917				0.917
2		1.188				2.090				0.842				1.759
3		1.295				3.278				0.772				2.531
4		1.412				4.573				0.708				3.240
5		1.539				5.985				0.650				3.890
6		1.677				7.523				0.596				4.486

If the company has a(n) 9% after-tax hurdle rate and is subject to a 30% income tax rate, the correct discounted net cash flow to include in an acquisition analysis would be: