Machine F costs $1,480,000, has a life of 8 years and will return a benefit of $875,500 in the first year, and increasing by 6% for the life of the machine. The first year costs for Machine F is $545,000, increasing by an inflation rate of 3% per year. The salvage value at the end of life of the machine is 12% of the original investment cost. If MARR is 10%, what is the NPW for the machine? Please show all work ....with excel functions..explaining which excel functions were used and why

$980,457

$1,012,544

$1,031,391

$1,234,764