Larson Manufacturing is considering purchasing a new injection$-$molding machine for $$380,000$ to expand its production capacity. It will cost an additional $$10,000$ to do the site preparation. With the

new injection$-$molding machine installed, Larson Manufacturing expects to increase its revenue by $$95,000$ per year. The machine will be used for six years, with an expected salvage value of $$74,000.$ At an

interest rate of $11\%,$ would the purchase of the injection$-$molding machine be justified?

Click the icon to view the interest factors for discrete compounding when $i=11\%$ per year.

The present worth of the project is $$,.($Round to the nearest dollar.$)$