Home Products, Inc. is evaluating the purchase of a new machine to use in its manufacturing process. The new machine would cost $40.000 and have a uneful Wife of 6 years. At the end of the machine's life, it would have a residual value of $2,500 Annual cost savings from the new machine would be $12.400 per year for each of the six years of its to Home Products, Inc has a minimum required rate of return of 16% on all new projects. The net present value of the new machine would be Round to the nearest dollar O A 55,694 OB. $6.719 OC. $4,669 O D. $46.719 0 Time Remaining:00 1904 Next