Follow the format shown in Exhibit 128.1 and Exhibit 128.2 as you complete the requirement below. Blaylock Company wants to buy a numerically controlled (NC) machine to be used in producing specially machined parts for manufacturers of trenching machines. The outlay required is $700,000. The NC equipment will last five years with no expected salvage value. The expected after-tax cash flows associated with the project follow: Cash Expenses $1,000,000 Year Cash Revenues 1 $1,200,000 2 1,200,000 1,000,000 3 1,200,000 1,000,000 4 1,200,000 1,000,000 1,200,000 1,000,000 Required: Compute the investment's Net Present Value, assuming a required rate of return of 8 percent. Round present value calculations and your final answer to the nearest dollar. NPV- 4