If Michael buys the Presetter 3000 machine, he will fund it with $140,000 cash he has on hand plus a loan of $260,000 from Westpac. The loan will be at a fixed rate of 8% p.a. over 5 years, with interest only payable at the end of each year. The principal of $260,000 is repayable at the end of the fifth year.

The loan from Westpac to be included in the NPV calculation is?????