A business is considering the investment in a new machine that will cost $320,000 with no salvage value. The machine is expected to reduce labor costs by $70,000 per year and material scrap by $20,000 per year. The machine is expected to have a 5 -year life. What is the present value of this investment, assuming a 12% interest rate? A. $4,450 B. $130,000 C. $(64,850) D. $(67,650)