Bob Johnson is considering purchasing a new piece of equipment for his business. The machine costs $160,000. Bob estimates that the machine can produce $43,000 cash inflow per year for the next five years. His cost of capital is 12 percent. Based upon the net present value of this investment, Bob should

Group of answer choices

invest in the equipment.

invest in the machine if he can get a higher cost of capital.

not invest in the machine.

Cannot tell without additional information.