BIPA 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. SIPA 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 10 4% 11 3% 0.744 0.722 0.701 0.681 12 13 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 14 0.661 15 0.642 Present Value of Annuity of $1 5% Periods 10 11 12 13 14 15 3% 8.530 9.253 9.954 10.635 11.296 11.938 4% 8.111 8.760 9.385 9.986 10.563 11.118 7.722 8.306 8.863 9.394 9.899 10.380 (Round any intermediary calculations and your final answer to the nearest dollar) 15141.731) (Round any intermediary calculations and your final answer to the nearest dollar.) O ($141.731). O ($8,269) O ($20,523). O ($14,396)