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M . T . Glass, Inc. is considering the acquisition of a new piece of heavy machinery to replace an old, outdated machine that is

M.T. Glass, Inc. is considering the acquisition of a new piece
of heavy machinery to replace an old, outdated machine that is
currently used in its business operations. The new machine will
cost $180,000 and is expected to last 8 years. The new machine
would require a repair of $7,500 in year three and another
repair costing $25,000 in year seven. The new machine has a
salvage value at the end of eight years of $15,000. The old,
outdated machine costs $150,000 per year to maintain and run.
The new machine is only expected to cost $90,000 per year to
maintain and run. M.T. Glass has a cost of capital of 15% and
an income tax rate of 40%.
Calculate the net present value (NPV) of the new machine. If
your answer is negative, place a minus sign in front of your
answer with no spaces in between (e.g.,-1234)
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