Echo Silver, Inc., is considering the purchase of a machine to help it automate the production of their newest version of the Echo in partnership with the AARP. This new machine would cost $121.000 and would last for 8 years At the end of 8 years, the machine would have a salvage value of $29,500 This machine would also reduce labor and other costs by $25.100 per year Additional working capital of 59,100 would be needed immediately. All of this working capital would be recovered at the end of the life of the machine The company requires a minimum pretax return of 18% on all investment projects. The net present value of the proposed project is closest to ignore income taxes in this problem Click here to view Exhibit 8.1 and Exhibit 8B-2 to determine the appropriate discount factor(s) using tables ($10.858) ($38,010) (525,321) ($17,474)