Albert Shoe Company is considering investing in one of two machines that attach heels to shoes. Machine A costs $69,950 and is expected to save the company $20,180 per year for six years. Machine B costs $95,200 and is expected to save the company $25,180 per year for six years.

Determine the net present value for each machine if the required rate of return is 13 percent. (Ignore taxes.)

fine net present value of machine a, machine b