increase cash flow by $$306,000$ 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 $$1,710,000.$ The

cost of the machine will decline by $$110,000$ per year until it reaches $$1,160,000,$ where it

will remain.

If your required return is $12$ percent, calculate the NPV today. $($Do not round

intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

If your required return is $12$ percent, calculate the NPV if you wait to purchase the

machine until the indicated year. $($A negative answer should be indicated by a minus

sign. Do not round intermediate calculations and round your answers to $2$ decimal

places, e$.$g$.,32\mathrm{.}16.)$