7 Almendarez Corporation is considering the purchase of a machine that would cost $160,000 and would last for 5 years. At the end of 5 years, the machine would have a salvage value of $19,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $36,000. The company requires a minimum pretax return of 8% on all investment projects. Ignore Income taxes) 3 Click here to view Exhibit 128:1 and Exhibit 120-2. to determine the appropriate discount factors) using the tables provided The net present value of the proposed project is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.) 01.00:41 Multiple Choice $12.233 $120.000) $63.3131