2. The management of a 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. Using the relevant present value table, the net present value of the project is closest to (Ignore income taxes): A) $(28,022) B) $96,949 C) $(79,196) D) $274,000 (+)?

2. The management of a 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. Using the relevant present value table, the net present value of the project is closest to (Ignore income taxes): A) $(28,022) B) $96,949 C) $(79,196) D) $274,000