AAF Inc. is considering purchasing a new machine to automate a wine bottling process. The machine costs $200,000 and will save $50,000/year in labor costs over its 10 year useful life. It is estimated the machine can be sold for $10,000 at the end of its useful life. The new machine will requires an annual maintenance cost of $9,000. Using an interest rate of 8%, what is the present worth of the new machine