RayburnIndustries is evaluating the investment of $147,500 i

RayburnIndustries is evaluating the investment of $147,500 in a new packingmachine that should provide annual cash operating inflows of $30,630 for6 years. At the end of 6 years, the packing machine will be sold for$5,050. Rayburn’s required rate of return is 7%. What is the machine’s net present value? (Round present value factor calculations to 4 decimal places, e.g. 1.2512 and final answer to 0 decimal places e.g. 58,971.)