CMA Corporation wants to purchase a new machine for its production facility at a cost of $475,000. The investment in the new machine is expected to generate $175,000 in annual cash inflows for a period of four years. The required rate of return is 14%. The old machine can be sold for $25,000. The new machine is expected to have zero salvage value at the end of its four-year useful life. What is the net present value of the investment in the new machine? (Note. There may be rounding error depending on the discount factor you use. Choose the answer closest to the one you calculate.) $59,950 $34,775 $509,950 $163,375 $234,375