Caine Bottling Corporation is considering the purchase of a new bottling machine. The machine would cost $187, 587 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, 600. Management also believes that the new bottling machine will save the company money because it is expected to be more reliable than other machine, and thus will reduce downtime. Assume a discount rate of 8%. 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 $ decimal places are displayed in the factor table provided. Round Present Net 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, g. 125) $