The management of Barnes Corporation is considering the purchase of a new machine costing $480,000. The company's desired rate of return is 6%. The present value factor for an annuity of $1 at interest of 6% for 5 years is 4.212. In addition to the foregoing information, use the following data in determining the acceptability of this investment:

Year	Income from Operations	Net Cash Flow
1	$25,100	$120,000
2	25,100	120,000
3	25,100	120,000
4	25,100	120,000
5	25,100	120,000

The net present value for this investment is

	a.	$(23,040)
	b.	$(25,440)
	c.	$23,040
	d.	$25,440