Question 14 1.66 pts You are analyzing an investment in a new machine. It will cost $500,000 to buy the machine. You can borrow the money to buy the machine at a rate of 7.5% annually If you buy the machine, it will generate the following cash flows for three years, and then have to be discarded. Assume annual compounding, and ignore taxes and depreciation. Year 1 $210,000 Year 2 $300,000 Year 3 $150,000 On a present value basis, what will be the overall profit from buying the machine? Tip: take the present value of the cash flows, and then subtract the cost to buy the machine