Your company is deciding whether to invest in a new machine. The new machine will increase cash flow by €280,000 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 €1,500,000 and should be depreciated using 25 per cent reducing balance method. If your required return is 12 per cent, should you purchase the machine? If so, when should you purchase it?