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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

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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 $295 million. The cost of the machine will decline by $315.000 per year until it reaches $1.375 million. where it will remain. If your required return is 8 percent, calculate the NPV today. (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete and correct. If your required retum is 8 percent. calculate the NPV if you wait to purchase the machine until the indicated year. (Do not round Intermedlete calculetlons and round your answers to 2 decimal places, e.g., 32.16.)

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