(Ignore Income Taxes in This Problem

(Ignore income taxes in this problem. )Janes,Inc. ,is considering the purchase of a machine that would cost $430,000 and would last for 6 years,at the end of which,the machine would have a salvage value of $47,000.The machine would reduce labor and other costs by $109,000 per year.Additional working capital of $4,000 would be needed immediately,all of which would be recovered at the end of 6 years.The company requires a minimum pretax return of 17% on all investment projects.
Required:
Determine the net present value of the project.Show your work!