Your company is deciding whether to invest in a new machine. The new machine will increase cash flow by $$321,000$ per year. You

believe the technology used in the machine has a $10-$year life; in other words, no matter when you purchase the machine, it will be

bbsolete $10$ years from today. The machine is currently priced at $$1,710,000.$ The cost of the machine will decline by $$106,000$ per year

until it reaches $$1,180,000,$ where it will remain. If your required return is $13$ percent, calculate the NPV if you purchase the machine

today. What is the NPV if you wait to purchase the macine until each year indicated below?

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Should you purchase the machine?

Yes

No

If so$,$ when should you purchase it$?$

Today

One year from now

Two years from now