Corin Corporation is considering the purchase of a machine that would cost $420,000 and would last for 8 years. At the end of 8 years, the machine would have a salvage value of $97,000. The machine would reduce labor and other costs by $76,000 per year. The company requires a minimum pretax return of 16% on all investment projects. (Ignore income taxes.) Round answers to the nearest dollar and use a minus sign for negative numbers. -Interest Rate (Rate, I, I/YR)% -Nper, N -PMT$ -PV$ -FV$ -Net present value -Should be machine be purchased?