Glamour Gloves is a boxing club for women. The club manufactures all of its own punching bags out of high-quality leather and sand from Tayrona, one of Colombia's most beautiful beaches. The company is considering investing in a sand-refining machine to improve the quality of its punching bags. Details about the machine investment are as follows: (Click on the icon for more information.) (Click the icon to view the future value of $1 factors.) (Click the icon to view the future value annuity of $1 factors.) (Click the icon to view the present value of $1 factors.) (Click the icon to view the present value annuity of $1 factors.) Requirement 1. What is the total present value of the predicted cash inflows from the new machine? (Use factors to three decimal places, X.XXX. Use a minus sign or parentheses for a negative net present value. Round your final answer to the nearest whole dollar.) The total present value of the predicted cash inflows from the new machine is $ Required 1. What is the total present value of the predicted cash inflows from the new machine? 2. Is the investment profitable? More Infomation Cost of new machine $152,000 The expected improvements from the new machine would allow for an increase in membership fees. The CFO expects cash flows from the investment in the first three years to be $90,000,$94,000, and $107,000. The company is subject to a 35% tax rate and has a required rate of return of 13% for all investment projects. The CCA rate is 25% and the disposal value of the machine is $15,500. Future value of $1 factors Compound Amount of \$1 (The Future Value of \$1) S=D1+nA In thie tahlo D=S1 Future value annuity of $1 factors Compound Amount of Annuity of $1 in Arrears* (Future Value of Annuity) Sn=n(1+r)n1 Present value of $1 factors Present Value of $1 s Present value annuity of $1 factors Present Value of Annuity $1 in Arrears* r , 7