Assume that a company is considering purchasing a machine for $50,000 that will have a five-year useful life and no salvage value. The machine will lower operating costs by $17,000 per year. The company's required rate of return is 18%. What is the net present value of this investment? Click here to view Exhibit 148 -1 and Exhibit 148-2, to determine the appropriate discount factor(s) using table 33.159 $3,896 $3.796 $3,359