Almendarez Corporation is considering the purchase of a machine that would cost $170,000 and would last for 7 years. At the end of 7 years, the machine would have a salvege value of $19,500 By reducing labor and other operating costs, the machine would provide annual cost savings of $32000. The company requires a minimum prelax return of 11% on all investment projects. Ignore income taxes.) Click here to view Exhibit 1281 and Exhibit 128-2 to determine the appropriate discount factors 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 519817 $18.737 $154.000 5.25164 I Prev 19 20 il Next >