The management of Utah Corporation is considering the purchase of a new machine costing $510,000. The companys desired rate of return is 12%. The net cash inflows from the new machine are expected to be:

Year 1 200,000

Year 2 155,000

Year 3 110,000

Year 4 130,000

Year 5 130,000

The net present value of the machine is closest to

Select one:

a. 210,955

b. 26,815

c. 536,815

d. 510,000