Fresh Foods Limited, bakery would like to buy a new machine for putting icing and other toppings on pastries. These are now put on by hand. The machine that the bakery is considering costs Rs.90,000 new. It would last the bakery for eight years but would require a Rs.7,500 overhaul at the end of the fifth year. After eight years, the machine could be sold for Rs. 6,000 . The bakery estimates that it will cost Rs.14,000 per year to operate the new machine. The present manual method of putting toppings on the pastries costs Rs.35,000 per year. In addition to reducing operating costs, the new machine will allow the bakery to increase its production of pastries by 5,000 packages per year. The bakery realizes a contribution margin of Rs. 0.60 per package. The bakery requires a 16% return on all investments in equipment. What is the new machine's net present value? Use the incremental cost approach. (05)