Almendarez Corporation is considering the purchase of a machine that would cost $320,000 and would last for 7 years. At the end of? years, the machine would have a salvage value of $51,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $72,000. The company requires a minimum pretax return of 18% on all investment projects. [Ignore income taxes.) lClick here to view Exhibit 78-1 and Exhibit 78-2, to determine the appropriate discount factorts] using the tables provided. The present value of the annual cost savings of $?2,000 is closest to