Sweet Taters Corporation is considering the acquisition of a new cooking machine. The initial investment (CF0) estimate is $2.52 million. The machine purchased will have a five-year life with no salvage value. Using a 10% discount rate, determine the net present value (NPV) of the machine given its expected operating cash inflows shown in the following table. Based on the project’s NPV, should Sweet Taters Corporation make this investment?

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Year 12345 1 2 Cash inflow (CF) $400,000 375,000 300,000 350,000 200,000