Michener Bottling Corporation is considering the purchase of a new bottling machine. The machine would cost $220,000 and has an estimated useful life of eight years with zero salvage value. Management estimates that the new bottling machine will provide net. annual cash flows of $38,000. Management also believes that the new machine will save the company money because it is expected to be more reliable than other machines, and thus will reduce downtime. Assume a discount rate of 9%. Click here to view PV table. Calculate the net present value. If the net present value is negative, use either a negative sign preceding the number eg. 45 or parentheses e. (45). Forcalculation purposes, use 5 decimal places as displayed in the foctor table provided, eg. 1.25124. Round present value answer to 0 decimal places, e.g. 1,250.) Net present value $ How much would the reduction in downtime have to be worth in order for the project to be acceptable