Capital Budgeting Drill #7 - A company is considering purchasing a repair machine. The company uses the straight line method of depreciation. The following information was collected. Initial Cost = $350,000 Useful Life = 5 years Salvage Value = None Est. Net Income Year 1 = $153,000 Est. Net Income Year 2 = $75,000 Est. Net Income Year 3 = $102,000 Est. Net Income Year 4 = $12.000 Est. Net Income Year 5 = $6,000 Assuming a 5% rate of return, should the company make this investment using the net present value technique? Discuss