Controlour company is deciding whether to invest in a new machine. The new machine will increase cash flow by $$329,000$ per year. You believe the technology used in the machine has a $10-$year life; in other words, no matter when you purchase the machine, it will be obsolete $10$ years from today. The machine is currently priced at $$1,700,000.$ The cost of the machine will decline by $$100,000$ per year until it reaches $$1,200,000,$ where it will remain.

If your required return is $14$ percent, calculate the NPV today.

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