Braxton Manufacturing is considering the purchase of new computerized equipment. The machine costs $85,000 and would generate $22,000 in annual cost savings over its 5-year life. At the end of 5 years, the equipment would have a $5,000 salvage value. Braxtons required rate of return is 12%. The machines net present value is nearest $79,306 ($5,694) $110,000 ($2,857)