Almendarez 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.$)$

Click here to view Exhibit $12$B$-1$ and Exhibit $12$B$-2,$ 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

$$(11,648)$

$$20,568$

$$(130,000)$

$$(26,995)$