Quip Corporation wants to purchase a new machine for $320,000. Management predicts that the machine will produce sales of $210,000 each year for the next 5 years. Expenses are expected to include direct materials, direct labor, and factory overhead (excluding depreciation) totaling $85,000 per year. The firm uses the straight-line depreciation and expects the machine to have a residual value of $54,000. Quip's combined income tax rate, t, is 40.00%. The required rate of return is 10.00% What is the net present value? $91,007 $78,507 $79,507 $88,507 $80,007