your company is deciding whether to invest in a new machine. the new machine will increase cash flow by $485,000 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 $2.95 million. the cost of the machine will decline by $315,000 per year until it reaches $1.375 million, where it will remain. if your required return is 8 percent, calculate the npv today. (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)