Almendarez Corporation is considering the purchase of a machine that would cost $100,000 and would last for 3 years. At the end of 3 years, the machine would have a salvage value of $15,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $35,000, The company requires a minimum pretax return of 12% 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 $(5,250) $14,170 $(5,000) $(20,597)