Baldock Inc. is considering the acquisition of a new machine that costs $420,000 and has a useful life of 5 years with no salvage value. The in and incremental net cash flows that would be produced by the machine are: Year 1 Year 2 Year 3 Year 4 Year 5 Incremental Net Operating Income $61,000 $67,000 $78,000 $41.000 $83.000 Incremental Net Cash Flows $145,000 $151,000 $162,000 $125,000 $167,000 Assume cash flows occur uniformly throughout a year except for the initial investment Use Excel or financial calculator to solve this problem if the discount rate is 12%, the net present value of the investment is closest to: $330,000 $119,365 $539,365 0 $420,000