Assume that a company is considering purchasing a machine for $$50,0\mathrm{.}00$ that will have a five$-$year useful life and a $$5,000$ salvage value. The machine will lower operating costs by $$16,000$ per year. The company's required rate of return is $16\%.$ The net present value of this investment is closest to:

Click here to view Exhibit $12$B$-1$ and Exhibit $12$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

Multiple Choice

$$2,384$

$$7154$

$$18214$

$$4764$