M.T. Glass, Inc. is considering the acquisition of a new piece of heavy machinery to replace an old, outdated machine currently used in its business operations. The new machine would 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 new machine would require an immediate investment of $30,000 in working capital which would be released for investment elsewhere at the end of the 9 years. The machine is expected to have a $10,000 salvage value at the end of 9 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 The old, outdated machine costs $160,000 per year to maintain and run.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). Use present values attached. 

Present Value of a Lump-Sum Rate of interest od in 396 286 496 5% 0.9709 9524 0.9259 0.9174 0.8929 0.8772 0.8696 0.862 0.8333 2 0. 9426 0.9070 0.8573 0.84 0.8265 0.7972 0.7695 0.756 0.7432 0.6944 9151 0.8633 0.7938 0.7722 0.7513 0.7118 0.0750 0.6575 0.0407 0.5787 4 0.8885 0.822 0.7350 0.7084 0.6830 0.6355 0.592 0.5718 0.5523 0.4823 5 0.8626 0.7835 0.6806 0.6499 0.6209 0.5674 0.5194 0.4972 0.476 0.4019 6 0.8375 0.7462 0.62 0.5963 0.5645 05066 0.4556 0.4323 0.4104 0.3349 7 0.8131 0.7107 0.5835 0.5470 0.5132 0.4523 03996 0.3759 0.3538 0.279 8 0.7894 0.6768 0.5403 0.5019 0.4665 0.4039 0.3506 0.3269 0.3050 0.2326 9 0.7664 0.6446 0.5003 0.4604 0.424 0.3606 0.3075 0.2843 0.2630 0.1938 0 0.744) 0.6139 0.4632 0.4224 0.3855 0.3220 0.2697 0.2472 0.2267 0.1615 2 0,7014 0.5568 0.397 0.3555 0.3186 02567 02076 0.1869 0.1685 5 0. 6419 0.4810 0.3152 0.2745 0.2394 0.1827 0.140 0.1229 0.1079 0.0649 6 0,6232 0,458 0.2919 0.2519 0.2176 0.16 0.1229 0.1069 0.0930 0.054 7 0,6050 0,4363 0.2703 0.23 0.1978 0.1456 0.1078 0.0929 0.0802 0.047 0,5874 0,4155 0.2503 0.2120 0.1799 0.1300 0.0946 0.0808 0.069 0.0376 9 0,5703 0,3957 0.2317 0.1945 0.1635 0.116 0.0703 0.0596 0.0313 20 0,5537 0,3769 0.2146 0.1784 0.1486 0.1037 0.0728 0.0514 0.026 0.5375 0.3589 0.1987 0.1637 0.135 0.0638 0.05 0.0443 0.0217 24 0,4920 0,3101 0.1577 0.1264 0.1015 0.0659 0.0349 0.0284 0.0126 25 0.4776 0.2953 0.1460 0.1160 0.0923 0.0588 0.0378 0.0304 0.0245 0.0105 Present Value of an Annuity Rate of interest period in percent per 0.9709 9524 0.9259 09174 0.909 0.8929 0.8772 0.8696 0.862 0.8333 9135 8594 7833 759 7355 .690 .278 2.8286 2.7233 2.577 2.5313 2.4869 2.4018 2.3216 2.2832 2.2459 2.1065 3.5460 3.3121 3.2397 3.1699 3.0374 2.9137 2.8550 2.7982 2.5887 5 4,5797 4.3295 3,992 3.8897 3.7908 3.6048 3.43 3.3522 3.274 2.9906 5.4172 5.075 4,6229 4.4859 4.3553 3.8887 3.7845 3.6847 3.3255 6.2303 5.7864 5.2064 5.0330 4.8684 4.5638 4.2883 4.1604 4.0386 3.6046 0197 6,4632 5.7466 5.5348 5.3349 4.9676 4.6389 4.4873 4.3436 3,8372 9 7,7961 7.1073 6.2469 5.9953 5.7590 5.3283 4.7716 4.6065 4.0310 3.5302 7.72 6.710 6.4177 6.1446 5.6502 5.216 5.0138 4.8332 4.1925 9.9540 3.8633 536 7.1607 6.8137 6.1944 5.4206 5.197 4.4392 .9379 0.3797 8.5595 6.8109 6.1422 5.8474 5.5755 4.6755 5.9542 2.5 0.8378 8.8514 8.3126 .8237 6.265 5.6685 4.7296 17 -274 9.1216 8.5436 8.0215 6.3729 6.0472 5.7487 4.7746 66 8.7556 8.2014 5.8178 3.7535 6896 9.3719 64674 6.1280 4.8122 4.3238 2.0853 9.6036 8.3649 7.3658 65504 6.1932 5.8775 4.8435 4.8775 2.4622 9.8182 9.1286 8.5135 6.023 6.2593 5.9288 4.8696 5.4150 2.8212 10.0168 9.2922 8.648 75620 6.6870 6.3125 5.973 4.8913 25 17.4132 4.0939 10.6748 9.8226 9.0770 .843 6.8729 6.464. 6.097 4.9476