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 obsolete 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 today. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV If your required return is 13 percent, calculate the NPV for the following years. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. A negative answer should be indicated by a minus sign.) NPV Year 1 $ 31,824.16 Year 2 $ 38,284.33 Year 3 $ Year 4 $ 33,209.54 19,168.35 1,709.02 27,663.80 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