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Lofting Snodbury is considering investing in a new boring machine. It costs $380,000 and is expected...

Lofting Snodbury is considering investing in a new boring machine. It costs $380,000 and is expected to produce the following cash flows:
Year 1 2 3 4 5 6 7 8 9 10
Cash flow ($000s) 50 57 75 80 85 92 92 80 68 50

If the cost of capital is 12%, what is the machine's NPV? (Do not round intermediate calculations. Enter your answer in whole dollars rounded to 2 decimal places.)

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