The Rosco company is trying to decide if they should purchase a new EMU Machine. The purchase price of the machine is $547,700. The machine will require working capital of $25,500. The new EMU machine will require a major overhaul in year 2, year 4 and year 6 of $47,500. Years 1, Year 2, and Year 3 will have an annual savings in revenue of $98,700. Year 4 - $158,400, Year 5 - $185,300, Year 6 - $86,100, Year 7$82,300 and Year 834,900. At the end of year 8 , the company will sell the machine for 10% of the purchase price. Calculate the net present value of the new machine using a 12% rate of return. Show your work and indicate if the Rosco Company should purchase the machine. (Round to the nearest dollar)