. Nanez Inc. wants to purchase a new machine for its factory operations at a cost of $ 950,000 . The investment is expected to generate $350,000 in annual cash flows for a period of four years . The required rate of return is 14% . The old machine can be sold for $ 50,000 at time 0. The new machine is expected to have zero value at the end of the four - year period . What is the net present value of the investment ? Would the company want to purchase the new machine ? Income taxes are not considered .