D Question 21 6 pts Pique Corporation wants to purchase a new machine for $300,000. Management predicts that the machine can produce sales of $200,000 each year for the next 5 years. Expenses are expected to include direct materials, direct labor, and factory overhead (including depreciation) totaling $164,000 per year for operating income Sf $36,000. The firm uses straight-line depreciation with no residual value for all depreciable assets. Management requires a minimum after-tax rate of return of 10% on all investments. What is the net present value (NPV) of the investment? at 10% # of year PV of $1 at 10% PV of an annuity of $1 0.9091 1.7355 2.4869 1 0.9091 0.8264 2 3 0.7513 4 0.683 3.1699 5 0.6209 6 0.5645 3.7908 4.3553 4.8684 7 0.5132 # of year PV of $1 1 2 3 4 5 0.9091 0.8264 0.7513 0.683 0.6209 0.5645 0.5132 0.4665 0.4241 PV of an annuity of $1 0.9091 1.7355 2.4869 3.1699 3.7908 4.3553 4.8684 5.3349 5.759 6.1446 6 7 8 9 10 0.3855 0-$163,531.20 $63.916.80 -$363.916.80 O $136,468.80