The management of Leo Corporation is considering the purchase of a new machine costing $375,000. The company's desired rate of return is 6% In addition to the foregoing information, use the following data in determining the acceptability in this situation: Net Income $18750 Year 1 2 18.750 3 18.750 4 18,750 5 18750 Net Cash Flows $93,750 93,750 93.750 93750 93750 The factors for present velue of a $1 for 1 through 5 years are: Year 6% factor 1 943 2 890 3 840 4 792 747 The factors for present velue of an ennulty of $1 for 1 through 5 years are Year 6% factor 1 1943 2 1833 3 2673 4 3465 B 4292 The net present value (NPV) for this investment is Multiple Choice Postve 45 gative $304.3