25.Interior Products, Inc. is evaluating the purchase of a new machine to use in its manufacturing process. The new machine would cost $37,000 and have a useful life of 5 years. At the end of the machine's life, it would have a residual value of $2,600. Annual cost savings from the new machine would be $12,200 per year for each of the six years of its Interior Products. Inc. has a minimum required rate of return of 16% on all new projects The net present value of the n machine would be ciosest to: (Round any intermediary calculations and your final answer to the nearest dollar.) 2 A $39,943. B.52.943 $4,181 D.$1,238 resent Value of $1 Periods 14% 0.519 0.456 0.400 16% 0 476 0.410 0.354 18% 0.437 0.370 0.314 Present Value of Annuity of $1 Periods 14% 3 433 3.889 4 288 16% 3274 3.685 4 039 18% 3.127 3.498 3.812