one hospital can purchase a new machine for $1,000,000 that will provide an annual net cash flow of $300,000 per year for five years. The machine...

one hospital can purchase a new machine for $1,000,000 that will provide an annual net cash flow of $300,000 per year for five years. The machine will be sold for $100,000 at the end of year five. What is the net present value of the machine if the required rate of return is 11.5%.