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Following is information on an investment in a manufacturing machine. The machine has zero salvage value. The company requires a $6\%$ return from its investments.

Initial investment $ $(310,000)$

Net cash flows:

Year $1145,000$

Year $290,000$

Year $3117,000$

QS $24-20($Algo$)$ Net present value with uneven cash flows and salvage value LO P$3$

Assume that instead of a zero salvage value, as shown above, the machine has a salvage value of $$24,500$ at the end of its three$-$year life. Compute the machine's net present value. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)($Use appropriate factor$($s$)$ from the tables provided. Round all present value factors to $4$ decimal places. Round present value amounts to the nearest dollar.$)$