Your firm will purchase a new machine. The machine costs $600,000. The machine will be operated for 4 years. The machine will have a salvage value of zero at that time. The tax rate is zero! The machine will generate revenues of $350,000 per year. The machine will have operating costs of $120,000 per year. The CCA rate is 30%. The required rate of return is 8.9% compounded annually. What is the NPV of purchasing the new machine? Your answer should be accurate to two decimal places. Answer: (146,774.05)