Cullumber Enterprises is considering investing in a new packing machine. The new machine will provide annual cash operating inflows of $10332 for 5 years. The cost of the machine is $35532 and it can be sold at the end of its 5-year useful life for $5712.Cullumber's required rate of return is 10%.

Type of cash flow	Periods	Interest rate	Factor
PV of $1	5	10%	0.6209
FV of $1	5	10%	1.6105
PV ordinary annuity	5	10%	3.7908
FV ordinary annuity	5	10%	6.1051
PV annuity due	5	10%	4.1699

What is the machine's net present value? (round to the nearest dollar)

a) $10,420

b) $13,879

c) ($88)

d) $7,182