You are the director of a factory and you want to encourage the CEO to purchase a new machine for an additional production line. To help build your case you have come up with the following numbers: New machine will cost $750,000. New Machine has a life of 8 years. New machine will generate cash flows of $50,000 in year 1. New machine will generate cash flows of $70,000 in year 2. New machine will generate cash flows of $80,000 in year 3. New machine will generate cash flows of $100,000 in year 4-8. Company discount rate is 10%. You think you should conduct an NPV analysis of these numbers before you speak with the CEO. Will you recommend the CEO purchase the new machine?