Dynamic $-$ Problem and answer changes with each attempt $($consider an Excel solution$)$

Monet, Incorporated, is considering the purchase of a machine that would cost $$464,078$ and would last for $6$ years, at the end of which, the machine would have a salvage value of $$56,787.$ The machine would reduce labor and other costs by $$122,774$ per year. Additional working capital of $$13,779$ would be needed immediately, all of which would be recovered at the end of $6$ years. The company requires a minimum pretax return of $0\mathrm{.}08$ on all investment projects. $($Ignore income taxes.$)$

Click here to view Exhibit $14$B$-1B$ and Exhibit $148-2B,$ to determine the appropriate discount factor$($s$)$ using the tables provided. or Use Excel NPV formula:

Required:

Determine the net present value of the project. $($Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount.$)$