NEED ASAP

llana Industries, Inc, needs a new lathe. It can buy a new high-speed lathe for $0.96 million. The lathe will cost $39,900 to run, will save the firm $116,900 in labour costs, and will be useful for 12 years. Suppose that for tax purposes, the lathe will be in an asset class with a CCA rate of 25%. llana has many other assets in this asset class. The lathe is expected to have a 12 -year life with a salvage value of $91,000. The actual market value of the lathe at that time will also be $91,000. The discount rate is 10% and the corporate tax rate is 35% What is the NPV of buylng the new lathe? (Round your answer to the nearest cent.)