You need to replace a machine in your business and you are evaluating a machine with a $5-$year life.

The machine costs $$500,000$ and will be depreciated $$100,000$ each year for the $5$ years you own it$.$

The main advantage of this machine is that it will save you $$217,000$ per year before taxes in operating expenses.

Assume no salvage value, and the purchase will have no impact on your net working capital $($NWC$).$

Your tax rate is $21\%$ and your cost of capital for this purchase is $10\%$ per year.

What is the NPV of this machine?

Enter your answer in dollars and cents.