help me to answer question below 1

Project Evaluation. Ilana Industries Inc. needs a new lathe. It can buy a new high-speed lathe for $1 million. The lathe will cost $35,000 per year to run, but it will save the firm $125,000 in labor costs and will be useful for 10 years. Suppose that, for tax purposes, the lathe is entitled to 100% bonus depreciation. At the end of the 10 year, the lathe can be sold for 100,000. The discount rate is 8%, and the corporate tax rate is 21%. What is the NPV of buying the new lathe? (LO9-2)