23. The management of Penfold Corporation is considering the purchase of a machine that would cost $430,000, would last for 5 years, and would have no salvage value. The machine would reduce labor and other costs by $95,000 per year. The company requires a minimum pretax return of 13% on all investment projects.

Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.

The net present value of the proposed project is closest to (Ignore income taxes.):

$(95,885)

$(190,885)

$(429,997)

$(15,885)

24. Almendarez Corporation is considering the purchase of a machine that would cost $170,000 and would last for 7 years. At the end of 7 years, the machine would have a salvage value of $19,500. By reducing labor and other operating costs, the machine would provide annual cost savings of $32,000. The company requires a minimum pretax return of 11% on all investment projects. (Ignore income taxes.)

The net present value of the proposed project is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

$18,737

$(54,000)

$(9,817)

$(25,164)