Payback, Accounting Rate of Return, Net Present Value, Internal Rate of Return Follow the format shown in Exhibit 12B.1 and Exhibit 12B.2 as you complete the requirement below. Blaylock Company wants to buy a numerically controlled (NC) machine to be used in producing specially machined parts for manufactures trenching machines. The outlay required is $700,000. The NC equipment will last five years with no expected salvage valued after-tax cash flows associated with the project follow: Required: Compute the investment's Net Present Value, assuming a required rate of return of 12 percent. Round present value final answer to the nearest dollar. NPV=$ Exhibit 12B.1 Present Value of a Single Amount* Exhibit 12B.2 Present Value of an Annuity*