ABC Corporation is considering the purchase of a machine that would cost $250,000 and would last for 9 years. At the end of 9 years, the machine would have a salvage value of $15,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $38,000. The company requires a minimum pretax return of 8% on all investment projects. (Ignore income taxes.) Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) 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.) Multiple Choice 0 $14,034 0 $(92,000) 0 $(5,114) 0 $(20,461)