13 pts Question 10 (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 8% on all investment projects, Required: Determine the net present value of the project. Show your work! TABLE 3 Present Value of 1 56154 95208 .S0203 90 200 C) Periods 1 2 3 4 5 6 7 8 8% 9200 85734 .79363 9174 84165 77215 11% Sono 1162 73119 8873 59345 53464 104 90909 2645 7513 101 63092 56447 51316 0270 7350 -74632 7106 15% .86957 .75614 65750 57175 49718 79200 .74746 70496 .79719 7117 63552 56743 GOS 61017 SRO 54007 500125 46319 6-1993 59627 54700 SOTN7 46043 42241 .73069 6461 .61391 62741 59190 43410 36554 67556 6095 620 41 39092 35218 40 1061 32197 2875 28436 24719 21494 5554 10 11 12 13 14 15 16 57748 SER 53032 50507 48102 45811 41727 1653 14133 39711 36720 31534 29189 27027 25025 23171 21455 2935 27454 25157 2554 2575 23199 2000 18829 22017 20452 18270 16312 2013 22:19 21763 1975 5091 S1307 3714 10657 18 19 20 47454 41552 19573 37689 13004 21199 1949 1761 16351 31180 1522 13700 12401 11611 OSOS .07027 06110 1067 TABLE 4 Present Value of an Annuity of 1 Periods 1 6% 952 99285 92593 1.70326 257710 3 4 2.77509 91743 1.75911 2.53130 2.72325 J.54595 1.71252 10% 090 1.73554 2 169 1.62571 267301 3.46511 3.10045 2010 200715 25