Raindrip Corp. can purchase a new machine for $1,875,000 that will provide an annual net cash flow of $620,000 per year for five years. The machine will be sold and have a salvage value of $120,000 after taxes at the end of year five. What is the net present value of the machine if the required rate of return is 13%.

A. $370,815

B. None is correct.

C. $343,049

D. $447,292

$358,378