Marsh Ltd has investigated the possibility of investing in a new machine. The following data have been extracted from the report relating to the project: Cost of machine on 1 January Year 1: 500. Estimated scrap value at end of Year 5: Nil. * Year 1 2 3 4 Net cash flows 50 200 225 225 Calculate the net present value of purchasing the new machine. Use the discount table provided. Show NPV figure to the nearest . All other workings should be made to one decimal point. The net present value of the new machine is