Gaspode Ltd is going to invest in a new machine costing $135,000$

The machine will have a life of $6$ years with $20,000$ scrap$($residual value$)$ and will produce extra PROFITS of:

Year $1$: $5000$

Year $2$: $10,000$

Year $3$: $15,000$

Year $4$:$5,000$

Year $5$: $5,000$

The required rate of return is $8\%$

What is the Net Present Value of the project?