Altrax Manufacturing is considering the purchase of a new machine to use in its packing department. The new machine will have an initial cost of $150,000, annual savings for each of the machine's 10-year useful life. Given the company's 3% required rate of return, the new machine will have a net present valu Present Value of $1 De department. The new machine will have an initial cost of $150,000, a useful life of 10 years and a $10,000 residual value. Altrax will realize $15,600 in required rate of return, the new machine will have a net present value (NPV) of Present Value of $1 Periods 10 11 12 13 14 3% 0.744 0.722 0.701 0.681 0.661 0.642 4% 0.676 0.650 0.625 0.601 0.577 0.555 5% 0.614 0.585 0.557 0.530 0.505 0.481 15 Present Value of Annuity of $1 Periods 3% 10 8.530 11 9.253 12 9.954 13 10.635 14 11.296 15 11.938 -4% 8.111 8.760 9.385 9.986 10.563 11.118 5% 7.722 8.306 8.863 9.394 9.899 10.380 (Round any intermediary calculations and your final answer to the nearest dollar.) O A. ($140,508) B. ($16,932) c. ($9.492) D. ($24,372)