Your company is deciding whether to invest in a new machine. The new machine will increase cash flow by $$485,000$ per year. You believe the technology used in the machine has a $10-$year life; in other words, no matter when you purchase the machine, it will be obsolete $10$ years from today. The machine is currently priced at $$2\mathrm{.}95$ million. The cost of the machine will decline by $$315,000$ per year until it reaches $$1\mathrm{.}375$ million, where it will remain.

$1.$If your required return is $8$ percent, calculate the NPV today? $2.$ If your required return is $8$ percent, calculate the NPV if you wait to purchase the machine until the indicated year $1,2,3,4,5,6?$