Able Company is considering buying a new machine. The machine will cost $\backslash (\backslash$$ $250,000\backslash )$ and is expected to last $10$ years. It is expected that the new machine will need maintenance costing $\backslash (\backslash$$ $30,000\backslash )$ at the end of year three and at the end of year six. In addition, purchasing this machine would require an immediate investment of $\backslash (\backslash$$ $47,000\backslash )$ in working capital which would be released for investment elsewhere at the end of the $10$ years. The machine is expected to have a $\backslash (\backslash$$ $20,000\backslash )$ salvage value at the end of $10$ years. The machine is expected to generate net cash inflows of $\backslash (\backslash$$ $60,000\backslash )$ per year in each of the $10$ years. Able Company has a cost of capital of $\backslash (9\backslash \%\backslash )$ and an income tax rate of $\backslash (30\backslash \%\backslash ).$

Calculate the net present value $($NPV$)$ of this machine. If your answer is negative, place a minus sign in front of your answer with no spaces in between $($e$.$g$.,-1234).$

You will need to use the present value table factors posted in carmen to answer this question. To access these factors, click modules and then scroll to week $13.$ Click on the link labeled present value table factors. No credit will be awarded for this question using a means other than these posted table factors to answer this question.