10 The management of Penfold Corporation is considering the purchase of a machine that would cost $440,000, would last for 7 years, and would have no salvage value. The machine would reduce labor and other costs by $102,000 per year. The company requires a minimum pretax return of 16% on all investment projects. The net present value of the proposed project is closest to (Ignore income taxes.) Click here to view Exhibit 148-1 and Exhibit 148-2. to determine the appropriate discount factors) using the tables provided. Multiple Choice O $28,022 O $96.949 5079,156)