I. The Zeron Corporation wants to purchase a new machine for its factory operations at a cost of $950,000. The investment is expected to generate $350,000 in annual cash flows for a period of four years. The required rate of retum is 14%. The old machine can be sold for $50,000. The machine is expected to have zero value at the . end of the four-year period. What is the net present value of the investment? Income taxes are not considered