M.T. Glass, Inc. is considering the acquisition of a new piece of heavy machinery to replace an old, outdated machine that is currently used in its business operations.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 The old, outdated machine costs $160,000 per year to maintain and run.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 40%. 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 in carmen to answer this question. To access these factors, click modules and then scroll to week 13. Click on the link labeled present value table factors. No credit will be giver for this question using a means other than these posted tab fartors to answer this question. 13 Mhallan of am- A n maitts