Cignore income taxes in this problem.) Sibble Corporation is considering the purchase of a machine that would cost $350,000 and would last for 6 years. At the end of 6 years, the machine would have a salvage value of $50,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $75,000. The company requires a minimum pretax return of 1% on all investment projects. The net present value of the proposed project is closest to: (Round your "PV factors to three decimal places.) (Use Exhibit and Exhibit 2 10 0 0 0 -$5,025 -547,325