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 salvage value of $19,500. 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 11% 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 $(25,364) $(9,817) $18,737 $154,000)