Almendarez Corporation is considering the purchase of a machine that would cost $200,000 and would last for 5 years. At the end of 5 years, the machine would have a salvage value of $20,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $44,000. The company requires a minimum pretax return of 8% on all investment projects. (Ignore income taxes.) Click here to view Exhibit 7B-1 and Exhibit 7B-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.) EXHIBIT 7B-1 Present Value of $1; 10 Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 3% 14% 5% 16% 7% 18% 19% 20% 21% 22% 23% 24% 25% 1 0962 0952 0.943 0935 0926 0.97 0.909 0901 0893 0885 087 0870 0862 0855 0.847 0.840 0833 0826 0.820 0813 0806 0.800 0925 0907 0.890 0.873 0857 0842 0826 0.812 0.797 0783 0.769 0.756 0743 0.731 0.718 0.706 0694 0683 0672 0.661 0650 0.640 3 0889 0864 0840 0816 0794 072 0751 0731 0712 0693 0.675 0658 0641 0624 0609 0.593 0579 0.564 0.551 0.537 0524 0512 0855 0823 0.792 0.763 0735 0708 0.683 0.659 0636 0613 0592 0572 0.552 0534 0516 0.499 0482 0467 0.451 0437 0423 0.410 5 0822 0784 0747 0.713 0681 0650 0621 0.593 0567 0.543 0.519 0497 0.476 0456 0437 0.419 0402 0.386 0.370 0355 0.341 0.328 6 0790 0746 0705 0666 0630 0596 0564 0535 0507 0480 0456 0432 0410 0390 0.370 0352 0335 0319 0.303 0289 0275 0262 7 0760 0711 0665 0623 0583 0547 053 0482 0452 0425 0400 0376 0354 0333 0314 0.296 0.279 0263 0.249 0235 0.222 0210 8 0731 067 0627 0582 0540 05020467 0434 0404 0376 0351 0327 0305 0285 0266 0249 0233 0218 0.204 0191 0179 0.168 0703 0645 0592 0.544 0500 0.460 0.424 0.391 0361 0333 0308 0.284 0263 0.243 0225 0.209 0194 0180 0167 0155 0144 0134 10 0676 0614 0558 0.508 0463 0422 0386 0.352 0322 0295 0.270 0.247 0227 0208 0191 0.176 0162 0149 0.137 0126 0116 0107 | 11 0650 0585 0527 0475 0429 0388 0350 0.37 0287 0261 0.237 0.215 0195 0.178 0162 0148 0135 0123 012 0103 0094 0.086 0625 0557 0497 0444 0397 0356 0319 0286 0257 0231 0.208 0187 0168 0152 0.137 0.124 012 0102 0.092 0083 0076 0.069 3 0601 0530 0469 045 0368 0.326 0.290 0.258 0229 0204 0182 0163 0.145 0130 016 0104 0093 0084 0.075 0068 0061 0.055 4 0577 0505 0442 0388 0340 0.299 0263 0232 0205 0181 0.160 0.141 0125 011 0.099 0.088 0078 0069 0.062 0.055 0049 0044 5 0555 0481 047 0.362 0.35 0.275 0239 0.209 0183 0160 0140 0.123 0108 0095 0.084 0.074 0065 0057 0051 0045 0.040 0.035 16 0534 0458 0.394 0.339 0.292 0252 0.218 0188 0163 0141 01/23 0107 0.093 0.081 0.071 0.062 0054 0047 0.042 0036 0032 0.028 7 0513 0436 0371 037 0270 0.231 0198 0.170 0.146 0125 0.108 0093 0.080 0069 0.060 0.052 0045 0039 0.034 0030 0026 0.023 18 0494 0416 0350 0.296 0.250 0212 0.180 0.153 0130 011 0.095 0081 0069 0059 0.051 0.044 0038 0032 0.028 0024 0021 0.018 19 0475 0396 0331 0277 0232 0194 0164 0.138 0116 0098 0083 0070 0060 0051 0043 0037 0031 0027 0023 0020 007 0.04. 200456 03770320258 0215 0.178 049 0124 0104 0087 0.073 0061 0051 0043 0037 0031 0026 0022 0019 0016 0014 0.012 21 0439 0359 0294 0242 0199 0164 0135 02 0093 007 0064 0053 0044 0037 0031 0026 0022 0018 005 0013 0011 0.009 22 0422 0.342 0278 0226 0184 0150 0123 0101 0083 0068 0.056 0.046 0038 0032 0026 0022 0018 005 003 0011 0009 0.007 23 0406 0326 0262 021 0170 0138 0112 0091 0074 0060 0049 0040 0033 0027 0022 0.018 0015 0012 0.010 0009 0007 0.006 0390 0310 0.247 0197 0158 0126 0102 0.082 0066 0053 0043 0035 0028 0023 0019 0.015 0.013 0.010 0.008 0.007 0.006 0.005 25 0375 0295 0.233 0.184 0146 016 0.092 0074 0059 0047 0038 0.030 0024 0020 0.016 0013 0010 0009 0.007 0006 0005 0.004 | 26 0361 0281 0.220 0.172 0135 0106 0.084 0.066 0053 0042 0.033 0026 0021 007 004 0011 0009 0007 0006 0005 0004 0003 10.347 0268 0.207 0.161 0125 0098 0.076 0.060 0047 0037 0.029 0.023 0018 0.04 0.01 0.009 0007 0.006 0.005 0.004 0003 0.002 128 0333 0255 0196 0150 016 0090 0.069 0.054 0042 0033 0.026 0020 0016 0012 0010 0.008 0006 0005 0.004 0003 0002 0.002 29 0321 0.243 0185 0.141 0107 0.082 0.063 0.048 0037 0029 0.022 0.07 0014 001 0.008 0.006 0005 0004 0.003 0002 0002 0.002 | 30 0.308 0231 0174 0.131 0099 0075 0.057 0.044 0033 0026 0.020 0015 0012 0.009 0.007 0.005 0004 0003 0.003 0.002 0.002 0.001 40 0.208 0142 0.097 0.067 0046 0.032 0022 0.015 001 0.008 0.005 0.004 0003 0002 0.001 0.001 0001 0000 0.000 0000 0000 0.000 EXHIBIT 7B-2 Present Value of an Annuity of $1 in Arrears; Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 1 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 0.877 0.870 0.862 0.855 0.847 0.840 0.833 0.826 0.820 0.813 0.806 0.800 2 1.886 1.859 1.833 1.808 1.783 1.759 1736 1713 1690 1.668 1647 1626 1.605 1.585 1.566 1.547 1.528 1.509 1.492 1.474 1.457 1.440 3 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.444 2.402 2.361 2.322 2.283 2.246 2.210 2.174 2.140 2.106 2.074 2.042 2.011 1.981 1.952 4 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.102 3.037 2.974 2.914 2.855 2.798 2.743 2.690 2.639 2.589 2.540 2.494 2.448 2.404 2.362 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.696 3.605 3.517 3.433 3.352 3.274 3.1993.127 3.058 2.991 2.926 2.864 2.803 2.745 2.689 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.231 4.111 3.998 3.889 3.784 3.685 3.589 3.498 3.410 3.326 3.245 3.167 3.092 3.020 2.951 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.712 4.564 4.423 4.288 4.160 4.039 3.922 3.812 3.706 3.605 3.508 3.416 3.327 3.242 3.161 8 6.733 6.463 6.210 5.971 5.747 5.535 5.335 5.146 4.968 4.799 4.639 4.487 4.344 4.207 4.078 3.954 3.837 3.726 3.619 3.518 3.421 3.329 9 7435 7108 6.802 6.515 6.247 5.995 5.759 5.537 5.328 5132 4.946 4.772 4.607 4.451 4.303 4.163 4.031 3.905 3.786 3.673 3.566 3.463 10 8.111 7722 7.360 7.024 6.710 6.418 6.145 5.889 5.650 5.426 5.216 5.019 4.833 4.659 4.494 4.339 4.192 4.054 3.923 3.799 3.682 3.571 11 8.760 8.306 7.887 7.499 7139 6.805 6.495 6.207 5.938 5.687 5.453 5.234 5.029 4.836 4.656 4.486 4.327 4.177 4.035 3.902 3.776 3.656 9.385 8863 8.384 7943 7536 71616.814 6.492 6.194 5.918 5.660 5.421 5197 4.988 4.793 4.611 4.439 4.278 4.127 3.985 3.851 3.725 9.986 9.394 8.853 8.358 7.904 7.487 7103 6.750 6.424 6.122 5.842 5.583 5.342 5.118 4.9104.715 4.533 4.362 4.203 4.053 3.912 3.780 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.982 6.628 6.302 6.002 5.724 5.468 5.229 5.008 4.802 4.611 4.432 4.265 4.108 3.962 3.824 15 11.118 10.380 9.712 9108 8.559 8.061 7606 7191 6.811 6.462 6.142 5.847 5.575 5.324 5.092 4.876 4.675 4.489 4.315 4.153 4001 3.859 16 11.652 10.838 10.106 9.447 8.851 8.313 7.824 7.379 6.974 6.604 6.265 5.954 5.668 5.405 5.162 4.938 4.730 4.536 4.357 4.189 4.033 3.887 12.166 11.274 10.477 9763 9122 8.544 8.022 75497120 6.729 6.373 6.047 5.749 5.475 5.222 4.990 4.775 4.576 4.391 4.219 4.059 3.910 18 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7702 7.250 6.840 6.467 6.128 5.818 5.534 5.273 5.033 4.812 4.608 4.419 4.243 4.080 3.928 19 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.839 7.366 6.938 6.550 6.198 5.877 5.584 5.316 5.070 4.843 4.635 4.442 4.263 4.097 3.942 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.963 7.469 7025 6.623 6.259 5.929 5.628 5.353 5.101 4.870 4.657 4.460 4.279 4.110 3.954 14.029 12.821 11.764 10.836 10.017 9.292 8.649 8.075 7.562 7.1026.687 6.312 5.9735.665 5.384 5.127 4.891 4.675 4.476 4.292 4.121 3.963 23 24 25 26 14.857 13.489 12.303 11.272 10.371 9.580 8.883 8.266 7.718 7.230 6.792 6.399 6.044 5.723 5.432 5.167 4.925 4.703 4.499 4.311 4.137 15.247 13.799 12.550 11.469 10.529 9.707 8.985 8.348 7.784 7.283 6.835 6.434 6.073 5.746 5.451 5.182 4.937 4.713 4.507 4.318 4.143 15.622 14.094 12.783 11654 10.675 9.8239.077 8.422 7.843 7.330 6.873 6.464 6.097 5.766 5.467 5.195 4.948 4.721 4.514 4.323 4.147 15.983 14.375 13.003 11.826 10.810 9.929 9.161 8.488 7.896 7.372 6.906 6.491 6.118 5.783 5.480 5.206 4.956 4.728 4.520 4.328 4.151 3.976 3.981 3.985 3.988 29 30 40 16.663 14.898 13.406 12.137 11.051 10.116 9.307 8.602 7.984 7.441 6.961 6.534 6.152 5.810 5.502 5.223 4.970 4.739 4.528 4.335 4157 16.984 15.141 13.591 12.278 11.158 10.198 9.370 8.650 8.022 7470 6.983 6.551 6.166 5.820 5.510 5.229 4.975 4.743 4.531 4.337 4.159 17.292 15.372 13.765 12.409 11.258 10.274 9.427 8.694 8.055 7.496 7003 6.566 6.177 5.829 5.517 5.235 4.979 4.746 4.534 4.3394.160 19.793 17159 15.046 13.332 11.925 10.757 9.779 8.951 8.244 7.634 7105 6.642 6.233 5.871 5.548 5.258 4.997 4.760 4.544 4.347 4.166 3.992 3.994 3.995 3.999