Copr., Goedl GreenWay is considering investing in a new machine to provide a new residential cleaning service. The machine costs $$300,000.$ The machine has a useful life of $13$ years, and the annual depreciation expense would be $$20,700.$ They estimate they can generate $$93,300$ in annual revenue from the new service. Cash operating expenses are estimated to be $$42,000$ per year. The machine has an approximate salvage value of $$30,000$ at the end of its useful life. The company has a $10\%$ minimum rate of return.

The net present value for this investment is:

$$ $$51,300$

$$ $$73,084$

$$ $$(66,150)$

$$(73,948)$