2. Clairmont Corporation is considering the purchase of a machine that would cost $180,000 and would last for 7 years. At the end of 7 years, the machine would have a salvage value of $25,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $31,000. The company requires a minimum discount rate of 8% on all investment projects. The net present value of the proposed project is closest to: o $(4,039) o $12,959 o $37,000 o $(19,386)