Drilling Incorporated is considering a new drilling machine….

Drilling Incorporated is considering a new drilling machine.  The machine costs $125,000. They can received a $15,000 trade in allowance for the old milling machine.  The new machine can be used to generate $35,500 in annual revenue. Cash operation expenses are estimated to be $14,500 per year.  The machine has a useful life of 15 years and annual depreciation expense would be $9,500.  The machine would require a $5,100 maintenance in year 7.  The machine has an approximate salvage value of $12,300 at the end of its useful life.  The company has a 10% minimum rate of return.  The present value of the cash inflows generated by the machine is?