Halo Company is considering the purchase of a machine with the following characteristics:
Initial cost
Useful life of the machine
Required rate of return (discount rate)
Annual net operating cash flows
Residual value (at end of useful life)
$350,000
8 years
10%
$60,000
$20.000
Compute the net present value (NPV) of this investment opportunity (use PV (present value) tables). Round your answer to the
nearest dollar