can buy a machine that is expected to have a three-year life and a $30,000 salvage value. It will be depreciated using the straight-line method. The machine will cost $2,100,000 and is expected to produce a $200,000 after-tax net income to be received at the end of each year. The company requires a 12% rate of return on its investments Use the information from the above problem. Calculate the net present value of the equipment assuming the Company's board of directors has indicated that all new investments must generate a 15% return. Also indicate in your answer whether the Company's board will vote to purchase the equipment.