Herky Foods is evaluating a new wrapping machine. With the machine, Herky will save money on packaging in each of the next 5 years, producing the series of cash inflows shown in the followingtable: The initial investment is $1.25 million. Using a 6% discount rate, determine the net present value (NPV) of the machine given its expected cash inflows. Based on the project's NPV, should Herky make this investment?

The net present value (NPV) of the new wrapping machine is $