A Corporation is considering the purchase of a machine that would cost $190,000 and would last for 10 years. At the end of 10 years, the machine would have a salvage value of $16,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $32,000. The company requires a minimum pretax return of 13% on all investment projects. (Ignore income taxes.)

Using the photos provided, determine the appropriate discount factors. The net present value of the proposed project is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

EXHIBIT 14B-1 Present Value of $1:1(1+r)n 13% 19% 0.640 Periods 5% 6% 7% 8% 9% 10% 11% 12% 14% 15% 16% 17% 18% 20% 21% 23% 1 22% 0.962 0.952 24% 25% 0.943 0.935 0.917 0.909 0.901 0.893 0.885 0.877 0.870 0.862 0.855 0.847 0.840 0.833 0.826 0.820 0.813 2 0.925 0.907 0.806 0.800 0.890 0.873 0.857 0.842 0.826 0.812 0.797 0.783 0.783 0.769 3 0.756 0.743 0.731 0.7180.706 0.694 3 0.889 0.683 0.672 0.661 0.864 0.650 0.001 0.840 0.816 0.794 1.00 V.2017 0.040 0.751 0.731 0.772 0.693 0.675 0.712 W. 0.658 4 1.02.1.072 0.641 | 0.624 W.112 0.609 0.593 0.564 Van 4 0.579 0.855 0.537 0.524 0.55 V. 0.823 Wal 0_512 0.792 0.763 0.03 Van 0.735 War V.22 V.794 0.708 0.703 0.659 0.683 Wale+ Vila W12 0.636 0.613 0.592 0.572 VVD 5 0.552 0.534 Vera 0.516 0.499 V.34 0.784 V.234 0.482 0.822 0.467 0.451 0.713 10.681 0.437 Vw 0.747 | 0.713 idee 0.681 0.423 0.410 0.650 Vito 0.621 0.593 0.543 0.519 Vita 0.567 Vita VA 0.497 Wade Vi WDZ want WIN 0.476 0.456 0.437 V70 0.419 0.402 6 0.386 VA 0.790 0.746 0.370 0.355 0.341 0.328 0.705 | 0.666 0.630 Time W.02 0.596 0.564 0.535 0.507 am 0.480 0.456 www 0.432 0.410 0.390 7 nove water 0.370 0.352 11 0.760 VW 0.335 TU 0.319 0.303 0.665 0.623 0.289 re 0.711 0.275 --- 0.262 0.583 0.547 0.513 0.4820.452 0.425 em 0.400 wir W202 0.376 0.354 0.333 0.314 0.296 0.235 8 0.279 0.263 0.249 0.731 0.677 0.222 0.582 0.210 0.627 0.540 0.502 0.467 0.434 0,404 0.376 0.351 0.327 0.305 0.285 0.266 0.249 0.233 . 0.218 0.703 0.204 0.191 0179 9 0.645 0.544 0.168 0.592 0.179 0.500 0.460 0.424 0.391 word 0.361 0.333 0.333 0.308 0.284 0.263 0.243 0.225 0.209 0.194 4 0.180 0.167 0.155 0.144 10 0.676 0.134 0.614 0.558 0.508 0.463 0.422 0.386 0.352 0.322 0.295 0.295 0.270 0.247 wer 0.227 0.208 0.191 0.176 0.162 0.149 0.137 0.126 0.116 11 0.650 0.116 0.107 0.585 0.527 0.475 0.429 0.388 0.350 0.317 0.287 0.261 11 0.237 0.215 0.1950.178 100 0.162 0.148 0.135 0.123 0.112 0.103 0,094 12 0.086 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.286 0.257 0.231 0.208 0.187 0.168 0.152 0.137 0.124 0.112 0.102 0.083 13 0.092 0.601 0.530 0.076 0.069 0.469 0.415 0.368 0.326 0.290 0.258 0.229 0.204 0.182 0.163 0.145 0.130 0.116 0.104 0.093 0.084 0.075 0.068 14 0.061 0.055 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.232 0.205 0.181 0.160 0.141 0.125 0.111 0.099 0.088 0.078 0.069 15 0.062 0.0SS 0.049 0.555 22 0.044 0.481 0.362 0.417 0.315 0.275 0.239 0.209 0.183 0.160 0.140 100 16 0.123 0.108 0.095 O 0.084 0.074 0.065 0.057 0.051 0.045 0.040 0.035 0.458 0.394 0.339 0.292 0.252 0.218 0.188 0.163 0.141 0.123 0.107 17 0.093 0.081 0.071 0.062 0.054 0.047 | 0.042 0.513 0.436 0.371 0.032 0.028 0.317 0.270 0.231 0.1980.170 0.146 0.125 0.108 0.093 0.080 0.069 0.060 0.052 0.045 0.039 | 0.034 18 0.494 0.030 0.023 0.416 0.350 0.026 0.296 0.250 0.212 0.212 0.180 0.180 0.153 0.130 0.111 0.095 0.081 0.069 0.059 0.051 0.044 0.038 0.032 0.028 19 0.018 0.475 0.021 0.024 0.396 0.277 0.232 0.138 0.116 0.098 0.083 0.070 0.051 0.043 0.037 0.031 0.027 20 0.456 0.377 0.023 0.014 0.215 0.020 0.178 0.017 V. Wall 0.149 0.124 0.104 0.073 0.061 0.051 0.043 0,037 0.031 0.026 0.022 0.019 21 0.439 0.359 0.012 V.DO! 0.0160.014 0.03 0.294 0.242 0.199 0.020 DZ 0.164 water W.272 V.VTO 0.135 W.127 W.1617 0.053 0.112 0.093 UNUTA 0,077 Wata?? Wande 0.064 W. 0.044 0.037 0.026 0.031 22 0.022 0.013 Wave 0.011 0.018 | 0.015 0.422 0.342 0.278 0.226 W.1122 0.1 0.01 0.009 0.184 0.150 0.123 Winte 0.101 MAI VAN V.107 0.083 0.068 0.056 Wide VAV 0.046 0.038 0.032 23 0.026 0.022 0.018 0.015 0.013 0.011 V.000 0.406 0.007 0.326 were 0.262 0.211 Divano 0.1700.138 0.112 0.0191 0.074 0.060 0.049 ana 0.040 w 0.033 0,027 0.022 0.018 0.0180.015 0.012 0.010 0.009 24 0.006 0.390 0.007 0.310 0.247 0.197 0.158 0.126 0.102 00 0.082 0.066 0.053 0.043 0.035 nou 0.028 0.023 un 0.019 0.015 0.013 0.010 | 0.008 0.007 0.006 0.375 25 0.295 0.005 0.233 0.184 0.146 0.116 0.092 | 0.074 0.059 0,047 0.038 0.030 0.024 0.020 0.0160.013 0.010 | 0.009 0.010 | 0.009 | 0.007 0.006 0.005 26 0.0004 0.361 0.281 0.220 | 0.172 0.135 0.106 0.084 0.066 0.053 0.053 0.042 0.033 0.026 0.021 0.017 0.014 0.0110.009 0.007 0.006 27 0.347 0.268 0.006 0.005 0.004 0.207 0.004 0.003 0.161 0.125 0.098 0.060 0.047 0.037 0.029 0.023 0.018 0.0180.014 0.011 0.009 0.007 0.006 0.005 28 0.004 0.003 0.333 0.002 0.255 0.196 0.150 0.116 0.090 0.054 0.042 0.033 0.026 0.020 0.016 | 0.012 0.010 0.008 29 0.006 0.005 0.004 0.321 0.243 0.003 0.185 0.141 0.107 0.082 0.063 0.048 0.037 0.029 0.022 0.017 | 0.014 0.011 0,008 0.006 0.005 0.004 30 0.308 0.003 0.002 0.002 0.231 0.174 0.131 0.099 0.075 0.057 0.044 0.002 0.033 0.026 0.020 0.015 0.012 0.009 0.007 0.005 0.0004 0.003 0.003 0.002 40 0.002 0.0001 0.208 0.142 0.097 0.067 0.046 0.032 0.022 0.015 0.011 0.008 0.005 0.004 0.003 0.003 0.002 0.002 0.001 0.001 0.001 0.000 0.000 0.000 0.000 0.000 0.036 0.194 0.164 0.331 0.3120.258 0.060) 0.104 0.087 0.076 0.069 0.002 0.002 EXHIBIT 14B-2 Present Value of an Annuity of $1 in Arrears; 11[1-1(1+r)n] 4.432 Periods 4% 5% 6% 8% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 1 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 0.877 0.870 0.862 0.855 0.847 0.840 0.833 0.826 0.820 0.813 0.813 0.806 0.800 2 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.713 1.690 1.668 1.647 1.626 | 1.605 1.585 | 1.566 1.547 1.528 1.509 1.492 1.474 1.457 1.440 3 2.775 2.723 2.673 2.624 2.577 2.531 2.487 | 2.444 2.402 2.361 2.322 2.283 2.246 2.210 2.174 2.140 2.106 2.074 2.0142 2.011 1.981 1.952 4 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.102 3.037 2.974 2.914 2.855 2.798 2.743 2.690 2.639 2.589 2.540 2.494 2.448 2.404 2.362 5 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.696 3.605 3.517 3.433 3.352 3.274 3.199 3.127 3.058 2.991 2.926 2.864 2.803 2.745 2.689 6 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.231 4.111 3.998 3.889 3.784 3.685 3.589 3.498 3.410 3.326 3.245 3.167 3.092 3.020 2.951 7 6.002 5.786 5,582 5.389 5.206 5.033 4.8684.712 4.564 4.423 4.288 4.160 4.039 3.922 3.812 am 3.706 3.605 3.508 3.416 3.327 3.242 3.161 8 6.733 6.463 6.210 5.971 5.535 5 515 5.335 3.146 249 4.968 4.799 4.639 4.487 4.344 4.207 4.078 3.954 3.837 3.726 3.619 3.518 3.421 3.329 9 7.435 7.108 6800 6.802 6.515 6.247 5.9955.759 5.537 5.328 5.132 4.946 4.772 4.607 4.303 1 4.451 16 4.163 4.031 2692 3.905 3.673 Bu 256 3.786 GO 3.566 10 770 3.463 8.111 7.722 7.360 6710 7.024 6.710 6.418 6.145 5.889 5.650 5.426 5.216 5.019 4.833 4.659 1109 4.494 1220 4.339 4.192 4.054 3.923 3.700 3.799 3.682 3.571 11 8.760 8.306 7.887 1.499 7.139 6.805 6.495 | 6.207 5.938 5.687 5.453 5.234 5.029 4.836 4.656 4.486 4.327 4.177 4.035 3.902 3.776 3.656 12 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.492 6.194 5.918 5.660 5.421 5.197 4.988 4.793 4.011 4.439 4.278 4.127 3.985 3.851 3.725 13 9.986 9.394 8.853 0.023 8.358 7.904 7.487 7.103 6.750 6.424 5842 6.122 0.424 5 -1.842 5.342 5.118 4.910 4.715 4.533 4362 02 4.203 4.053 3.912 3.780 14 10.563 9.899 2.299 9.295 8.745 8.244 7.786 7.367 6.982 6.628 6.302 0.004 5.724 5.468 5.229 5.008 4.802 4.611 4.265 4.108 3.962 3.824 15 11.11810.380 9.712 9.108 8.061 8.559 7.606 1.1 2.0 Baw? WAR 7.191 6.462 6.811 1.17 M 5.847 6.142 W.174 5.575 5.092 5.324 4.876 4.675 4.489 . 4.315 4,153 4.001 an 16 11.652 10.838 10.106 9.447 3.859 8.851 8.313 un? Tre T410? 6.604 Tale 7.824 7.379 1.00 wa? Wide 6.974 6.265 5.954 5.668 5.405 5.162 4.938 2 4.730 4.536 sive 4.357 17 4.033 4.189 12.166 11.274 10.477 9.763 3.887 Two we 9.122 8.544 8.022 7.549 7.120 6.729 6.373 6.047 101 AO! 5.749 5.475 5.222 4.990 4.7754.576 4.391 4.219 4.059 3.910 Tate 18 12.659 11.690 10.828 10.059 9.372 TO 8.756 8.201 7.702 7.250 6.840 6.467 6.128 5.818 5.534 5.273 5.033 4.419 4.243 4.812 4.608 3.928 200 19 9 13.134 12.085|11.158 10.336 9.604 4.080 *** *** 10 de Viver 8.950 8.365 | 7.8397.366 6.938 6.550 6.198 5.877 5.584 Vike 5.070 wreed 5.316 4.843 VIVO 4.635 20 4.4424.263 4.097 wa inny 13.590 12.462 | 11.470 10.594 9.818 3.942 9.129 8.514 7.963 7.469 Tave 7.025 6.623 6.259 5.929 5.628 5.101 5.353 Wazal? 20 4.870 4.657 4.460 ece 21 4.279 4.110 . 14.029 12.821 11.764 10.836 10.017 | 9.292 3.954 Tv 12.02.word Vt 8.649 8.075 7.562 7.102 6.687 6.312 5.973 5.665 5.384 12 5.127 4.891 4.675 4.476 4.292 4.121 22 T! 4.121 3.963 Tod 14.451 13.163 12.042 11.061 10.201 | 9.442 . 8.7728.176 7.645 7.170 6.743 6.359 6.011 5.696 100001111* tace 5.410 Hund 5.149 4.909 4.690 4.488 an 4.302 14.857 13.489 12.303 11.272 10.371 | 9.580 4.130 can 23 3.970 8.883 11 8.266 7.718 7.230 6.792 6.399 6.044 10 5.723 5.432 5.167 1220011cen 4.925 207 4.703 4.499 4.311 4.137 24 3.976 15.247 13.799 12.550 11.469 10.529 | 9.707 8.985 | 8.348 au 10 1 7.784 Temati 1 7.2836.835 6.434 1999 6.073 5.746 5.451 5.182 4.937 4.713 4.507 2017 4.318 4.143 3.981 25 15.622 14.094 12.783 11.654 10.675 | 9.823 ca 9.077 7.843 co 8.422 7.330 6.873 11 6.464 Le 100 6.097 5.766 5.467 5.195 4.948 4.721 4.514 of 4.323 4.147 3.985 26 15.983 14.375 13.003 11.826 10.810 | 9.929 0161209 9.161 8.488 7.896 7.372 6.906 6.491 6.118 5.783 5.480 5.206 4.956 4.728 4.520 4.328 4.151 3.988 27 16.330 14.643 13.211 11.987 10.935 10.027 9.237 8.548 7.943 7.409 6.935 6.514 6.136 5.798 5.492 5.215 4.964 4.734 4.524 4.332 4.154 3.990 28 16.663 14.898 13.406 12.137 11.051 10.116 | 9.307 8.602 7.984 7.441 6.961 6.534 6.152 5.810 5.502 5.223 4.970 4.739 4.528 4.335 4.157 3.992 29 16.984 15.141 13.591 12.278 11.158 10.198 9.370 8.650 8.650 8.022 8.0227.470 6.983 6.551 6.166 5,820 5.510 5.229 4.975 4.743 4.743 4.531 4.337 4.159 4.159 3.994 30 17.292 15.372 13.765 12.409 11.258 10.274 9.427 8.694 8.055 7.496 7.496 7.003 6.566 6.177 5.829 5.517 5.235 4.979 4.746 4.7464.534 | 4.3394.160 3.995 40 19.793 17.159 15.046 13.332 11.925 10.757 9.779 8.951 8.244 7.634 7.105 6.642 6.233 5.871 5.548 5.258 4.997 4.760 4.544 4.347 4.166 4.166 3.999