6 5 Doints Joanette, Inc. is considering the purchase of a machine that would cost $510,000 and would last for 5 years, at the end of which the machine would have a salvage value of $61,000. The machine would reduce labor and other costs by $121,000 per year. Additional working capital of $7,000 would be needed immediately, all of which would be recovered at the end of years. The company requires a minimum pretax return of 17% on all investment projects. Ignore income taxes) Click here to view Exhib.48-1 and Exhibit 148-2. to determine the appropriate discount factors) using the tables provided. Required: Determine the net present value of the project. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount.)