XYZ Corporation is considering the purchase of a new piece of machinery for its manufacturing facility. The machine has an initial cost of $200,000, a useful life of five years, and a salvage value of $50,000 at the end of its useful life. The company expects the machine to generate annual cash inflows of $60,000. The cost of capital for the company is 10%. Using the net present value (NPV) method, should the company purchase the new machine?