Atkins, Inc., purchased a machine for $240,000. The machine has a service life of six years and no residual value. Straight-line depreciation is to be used. The machine is expected to generate cash flow from operations, net of income taxes, of $70,000 in each of the six years. Atkins' expected rate of return is 12%. Information on present value factors for a lump sum and ordinary annuity at 12% are as follows: 1 year - 0.893 and 0.893 2 years - 0.797 and 1.690 3 years - 0.712 and 2.402 4 years - 0.636 and 3.037 5 years - 0.567 and 3.605 6 years - 0.507 and 4.111

What is the net present value?