Concose Park Department is considering a new capital investment. The cost of the machine is $250,000. The annual cost savings if the new machine is acquired will be $125,000. The machine will have a 3-year life and the terminal disposal value is expected to be $36,000. There are no tax consequences related to this decision. If Concose Park Department has a required rate of return of 20%, which of the following is closest to the present value of the project? A. $51,531 B. $13,250 C. $64,781 D. $34,094