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Your company is deciding whether to invest in a new machine. The new machine will increase cash flow by $318,000 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 priced at $1,710,000. The cost of the machine will decline by $105,000 per year until it reaches $1,185,000 where it will remain from today. The machine is currently If your required return is 13 percent, calculate the NPV today. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV $15,545.43 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 $ 23,775.51 $20,368.83 7,893.92 $-11,517.61 $-36,104.64 $ -114,852.86 Should you purchase the machine? Yes If so, when should you purchase it? One year from now