Copr. Goedl UFacture is considering a new stamping machine. The machine costs $$225,000.$ The new machine can be used to generate $$66,000$ in annual revenue. Cash operation expenses are estimated to be $$24,000$ per year. The machine has a useful life of $10$ years and annual depreciation expense would be $$20,500.$ The machine has an aproximate salvalue of $$20,000$ at the end of its useful life. The company has a $12\%$ minimum rate of return.

The net present value of this investment is:

Table: Present value of a lump sum

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