Estimated Life of new cleaning system 10 Years

Cost of cleaning system $800,000

Annual net cash flow from cleaning system $160,000

Scrap Value of Cleaning System in Year 10 $ 50,000

Jefferson uses at 10% rate of return for evaluating capital projects. The factors for calculating present values are as follows:

Present Value of an Annuity at 10% for 10 years 6.1450

Present Value of a Single Sum due in 10 years .3855

What is the Net Present Value?