Rooney, Inc. is considering the purchase of a new machine costing $601,000. The machine's useful life is expected to be 8 years with no salvage value. The straight-line depreciation method will be used. The net increase in annual after tax cash flow is expected to be $150,000. Rooney estimates its cost of capital to be 15%. (The present value of a $1 annuity for 8 years at 15% is 4.487, and the present value of $1 to be received in 8 years is 0.327.) The net present value of the investment in the machine under consideration is