TNT IS CONSIDERING BUYING A NEW MACHINE FOR $600,000. THE MACHINE HAS AN EIGHT-YEAR LIFE. THE MACHINE WILL HELP TNT SAVE $105,000/YEAR. TNT WILL SELL AN OLD MACHINE FOR $50,000. NBV = ZERO. THE SALE WILL TAKE PLACE ON THE SAME DAY THE NEW MACHINE IS BOUGHT. THE NEW MACHINE WILL REQUIRE AN OVERHAUL IN YEAR 5 = $22,000. TNT HAS A 21% TAX RATE. WHAT IS THE NET PRESENT VALUE OF THE INVESTMENT USING A 6% DISCOUNT RATE?