The management of Las Cruces Corporation is considering the purchase of a new machine costing $400,000. The company's desired rate of return is 10%. The following is information regarding the investment:

Year	Net Income	Net Cash Flow
1	$100,000	$180,000
2	40,000	120,000
3	20,000	100,000
4	10,000	90,000
5	10,000	90,000

The factors for present value of a $1 for 1 through 5 years are:

Year	10% factor
1	.909
2	.826
3	.751
4	.683
5	.621

The factors for present value of an annuity of $1 for 1 through 5 years are:

Year	10% factor
1	.909
2	1.736
3	2.487
4	3.170
5	3.791

The net present value (NPV) for this investment is:

	a.	Positive $847,130
	b.	Positive $55,200
	c.	Positive $36,400
	d.	Negative $55,200
	e.	Negative $248,000