Beryl's Iced Tea currently rents a bottling machine for$$50,000$per$$ year, including all maintenance expenses. It is considering purchasing a machine$$ instead, and is comparing two$$ options:a$.$ Purchase the machine it is currently renting for$$155,000.$This machine will require$$25,000$per year in ongoing maintenance expenses.b$.$ Purchase a$$ new, more advanced machine for$$255,000.$This machine will require$$16,000$per year in ongoing maintenance expenses and will lower bottling costs by$$15,000$per year.$$ Also,$$38,000$will be spent upfront training the new operators of the machine.Suppose the appropriate discount rate is$8\%$per year and the machine is purchased today. Maintenance and bottling costs are paid at the end of each$$ year, as is the rental of the machine. Assume also that the machines will be depreciated via the$$ straight$-$line method over seven years and that they have a$10-$year life with a negligible salvage value. The corporate tax rate is$25\%.$Should$$ Beryl's Iced Tea continue to$$ rent, purchase its current$$ machine, or purchase the advanced$$ machine?Note$$:To make this$$ decision, calculate the NPV of the FCF associated with each alternative. The NPV will be$$ negative, and represents the PV of the costs of the machine in each case.$$Part $1$The NPV of renting the machine is$$$enter your response here.$($Round to the nearest dollar. Enter a negative NPV as a negative$$ value.$)$