18 (7.5 points) 4 Listen The president of Nash Company is considering a proposal by the factory manager for the purchase of a machine for $72,500. The useful life would be eight years, with no residual scrap value. The use of the machine will produce a positive annual cash flow of $14,000 a year for eight years. An annuity table shows that the present value of $1 received annually for eight years and discounted at 10 % is 5.335. The net present value of the proposal, discounted at 10%, is: 3,868 ($3,868) 0 $2,190