Although the Chen Company's milling machine is old, it is still in relatively good working order and would last for another

$1$

$0$

$$years$.$ It is inefficient compared to modern standards, though, and so the company is considering replacing it

$.$

$$The new milling machine, at a cost of $

$1$

$1$

$4$

$,$

$0$

$0$

$0$

$$delivered and installed, would also last for

$1$

$0$

$$years and would produce after

$-$

tax cash flows

$($

labor savings and depreciation tax savings

$)$

$$of $

$1$

$8$

$,$

$9$

$0$

$0$

$$per year. It would have zero salvage value at the end of its life. The project cost of capital is

$9$

$\%$

$,$

$$and its marginal tax rate is

$2$

$5$

$\%$

$.$

$$Should Chen buy the new machine? Do not round intermediate calculations. Round your answer to the nearest cent. Negative value, if any, should be indicated by a minus sign. NPV: $ Chen purchase the new machine.