You are considering a CNC machine. This machine will have an estimated service life of 10 years with a salvage value of 10% of the investment cost. Its annual net revenues are estimated to be $50,000. To expect a 20% rate of return on investment, what would be the maximum amount that you are willing to pay for the machine? (Ignore any tax consideration.)

$213,065

$209,624

$249,998

$276,860