Yalken Corporation is considering the purchase of a new machine. The cost of the machine is $250,000. The cash flows for five years are given below.

	Year 1	Year 2	Year 3	Year 4	Year 5
Cash flows	$84,790	$102,500	$70,580	$64,760	$115,700

The company is in the 35 percent tax bracket. Assuming that the cost of capital is 12%, calculate the net present value.

$204,394

$64,463

$314,452

$(64,452)