M$.$T$.$ Glass, Inc. is considering the acquisition of a new piece of heavy machinery to replace an old, outdated machine that is currently used in its business operations.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 $$180,000$ and is expected to last $9$ years. The new machine would require a repair of $$25,000$ in year seven and another repair costing $$8,000$ in year eight.

In addition, purchasing this machine would require an immediate investment of $$30,000$ in working capital. The working capital would be released for investment elsewhere at the end of the $9$ years. The new machine is expected to have a $$10,000$ salvage value at the end of nine years. The old, outdated machine costs $$160,000$ per year to maintain and run. The new machine is only expected to cost $$90,000$ per year to maintain and run. M$.$ T

$$ Glass has a cost of capital of $16\%$ and an income tax rate of $30\%.$

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$.,-1234).$

You will need to use the present value table factors posted Below