10 Consider the following data A machine costs $1200 and is depreciated using the straight line method over 5 years. That is, depreciation is 240 every year. The machine will generate operating profits before depreciation of $500 per year for 5 years. The first cash flow happens at the end of the first year after the machine is put in place. The tax rate is 20% Working capital needs will increase by $280 when the machine is placed in service and will be recaptured at the end of the life of the machine. There is no salvage value at the end of the five years (the machine is worthless). Depreciation is tax deductible but capital expenditures are not tax deductible If the discount rate is 15%, the project's NPV is ________