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A company determines that the maximum they should pay for a new machine is $52,433. The company estimates the machine will produce a net cash

A company determines that the maximum they should pay for a new machine is $52,433. The company estimates the machine will produce a net cash flow of $9,000 per year and will last for 7 years. The interest rate that is acceptable to the company is 5%. At the end of 7 years, the company estimates it will be able to sell the machine for what amount?

A. $0

B. $355

C. $1,510

D. $61

E. $501

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