Vision Medical Labs wants to expand its service offering by buying a new machine. The machine will cost $250,000 and will generate additional annual expenses of $39,000 for labor and materials forever. Apart from these expenses, it will create annual profits of $71,000 forever. The company has a cost of capital of 8% and the tax rate is zero.

Attempt 1/1 Part 1 What is the NPV of the machine project?