occur at year$-$end except for initial investment amounts. Lincoln Research uses straight$-$line depreciation.

Present Value of $$1$ table Present Value of Annuity of $$1$ table Future Value of $$1$ table Future Value of Annuity of $$1$ table

Read the requirements.

Requirement $1.$ Calculate the following for the special$-$purpose eye$-$testing machine:

The net present value is $$Lincoln Research, a nonprofit$$ organization, estimates that it can save $ $26,000$ a year in cash operating costs for the next $9$ years if it buys a$$ special$-$purpose eye$-$testing machine at a cost of $ $125,000.$ No terminal disposal value is expected. Lincoln Research's required rate of return is $10\%.$ Assume all cash flows occur at$$ year$-$end except for initial investment amounts. Lincoln Research uses$$ straight$-$line depreciation.

Requirement $1.$ Calculate the following for the$$ special$-$purpose eye$-$testing$$ machine:

a$.$ Net present value$($NPV$)($Use factors to three decimal$$ places, X$.$XXX$,$ and use a minus sign or parentheses for a negative net present value. Enter the net present value of the investment rounded to the nearest whole$$ dollar.$)$

The net present value is: