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, a useful life of 12 years and a $11,000 residual value. Altrax will realize $15,300 in annual savings for each of the machine's 12-year useful life. Given the company's 5% required rate of return, the new machine will have a net present value (NPV) of: Present Value of $1 Periods 3% 4% 5% 10 0.744 0.676 0.614 11 0.722 0.650 0.585 12 0.701 0.625 0.557 13 0.681 0.601 0.530 14 0.661 0.577 0.505 15 0.642 0.555 0.481 Present Value of Annuity of $1 Periods 3% 4% 5% 10 8.530 8.111 7.722 11 9.253 8.760 8.306 12 9.954 9.385 8.863 13 10.635 9.986 9.394 14 11.296 10.563 9.899 15 11.938 11.118 10.380 (Round any intermediary calculations and your final answer to the nearest dollar.) A. ($14,396) OB. ($141,731) C. ($20,523) OD. ($8,269)