Your company is deciding whether to invest in a new machine. The new machine will increase cash flow by $320,000 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 $1,700,000. The cost of the machine will decline by $106,000 per year until it reaches $1,170,000, where it will remain. (Do not round intermediate calculations.) If your required return is 13 percent, calculate the NPV today. (Round your answer to 2 decimal places. (e.g., 32.16)) NPV $ If your required return is 13 percent, calculate the NPV if you wait to purchase the machine until the indicated year. (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16)) NPV Year 1 $ Year 2 $ Year 3 $ Year 4 $ Year 5 $ Year 6 $ Should you purchase the machine? Yes No If so, when should you purchase it? Today One year from now Two years from now