Problem 9-5 Option to Walt Your company is deciding whether to invest in a new machine. The new machine wil increase cash flow by $326,000 per year. You believe the technology used in the machine has a 10-year life; in other words, no matter when you purchase the machine, it will be obsolete 10 years from today. The machine is currently priced at $1,760,000. The cost of the machine will decline by $111,000 per year until it reaches $1,205,000, where it will remain If your required return is 13 percent, calculate the NPV if you purchase the machine today. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16) NPV$ If your required return is 13 percent, calculate the NPV if you wait to purchase the machine until the indicated year. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) NPV Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Should you purchase the machine? OYes ONo If so, when should you purchase it? O Today OOne year from now OTwo years from now