For each of the following items related to the possible purchase of the milling machine, calculate the appropriate discounted cash flow assuming the company's required rate of return is 10%.

1. The immediate payment required to purchase a milling machine with a purchase price of $344,000. 2. Straight-line depreciation of $34,000 per year. A 3. Annual savings in cash operating costs of $48,000 over the next 9 years. A 4. Sale of the milling machine for $44,000 at the end of the 9th year. The machine has a book value of $38,000. A 5. A $5,000 equipment overhaul in year 6 will be required for the milling machine. A