A corporation is considering purchasing a machine that will save $200,000 per year before taxes. The cost of operating the machine, including maintenance, is $80,000 per year. The machine, costing...

A corporation is considering purchasing a machine that will save $200,000 per year before taxes. The cost of operating the machine, including maintenance, is $80,000 per year. The machine, costing $150,000, will be needed for five years after which it will have a salvage value of $25,000. If the firm wants a 15% rate of return before taxes, what is the net present value of the cash flows generated from this machine?