Frick Road Paving Corporation is considering an investment in a curb-forming machine. The machine will cost $180,000, will last 10 years, and will have a $42,000 salvage value at the end of 10 years. The machine is expected to generate net cash inflows of $35,000 per year in each of the 10 years. Frick's discount rate is 10%. The net present value of the proposed investment is closest to:

Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables.

rev: 01_27_2016_QC_CS-39173, 04_26_2016_QC_CS-49916

$223,907

$39,707

$219,707

$51,287