Michael Scott Paper, Inc. is considering a new machine that requires an initial investment of $650,000, including installation costs, and has a useful life of ten years. The expected annual after-tax cash flows for the machine are $90,000 during the first two years, $115,000 during years three through six, and $85,000 during the remaining years of its useful life. What is the net present value (NPV) when the discount rate is 5%