Your company is deciding whether to invest in a new machine. The new machine will increase cash flow by $352,000 per year. No matter when you purchase the machine, it will be obsolete 10 years from today.

The machine is currently priced at $1,760,000. Cost of the machine will decline by $110,000 per year until it reaches $1,320,000, where it will remain.

The required return is 14%.

What is the NPV if the company decides to wait 2 years to purchases the machine?