Dynamic - Problem and answer changes with each attempt (consider an Excel solution) Monet, Incorporated, is considering the purchase of a machine that would cost $ 580,668 and would last for 6 years, at the end of which, the machine would have a salvage value of $ 60,159. The machine would reduce labor and other costs by $ 124,732 per year. Additional working capital of $ 13,971 would be needed immediately, all of which would be recovered at the end of 6 years. The company requires a minimum pretax return of 0.10 on all investment projects. (Ignore income taxes.) Click here to view Exhibit 14B-1 and Exhibit 14B-2, 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.) Dynamic - Problem and answer changes with each attempt (consider an Excel solution) DenMat Corporation with $566,533 in operating assets is considering the purchase of a machine that costs $ 67,815 and which is expected to reduce operating costs by $ 22,339 each year. These reductions in cost occur evenly throughout the year. The payback period for this machine in years is closest to (Ignore income taxes.): (Round your answer to 2 decimal places.)