Blossom Bottling Corporation is considering the purchase of a new bottling machine. The machine would cost $$183,400$ and has an estimated useful life of $8$ years with zero salvage value. Management estimates that the new bottling machine will provide net annual cash flows of $$30,000.$ Management also believes that the new bottling machine will save the company money because it is expected to be more reliable than other machines, and thus will reduce downtime. Assume a discount rate of $8\%.$ Click here to view PV table.

Calculate the net present value. $($If the net present value is negative, use either a negative sign preceding the number eg $-45$ or parentheses eg $(45).$ For calculation purposes, use $5$ decimal places as displayed in the factor table provided. Round present value answer to $0$ decimal places, e$.$g$.125.)$

Net present value $ $$

How much would the reduction in downtime have to be worth in order for the project to be acceptable? $($Round answer to $0$ decimal places, e$.$g$.125.)$

$ $$