(ignore income taxes in this problem.) Pro-Mete, Inc. is a producer of athletic equipment. The company is considering the purchase of a machine to produce baseball bor The machine will cost $60,000 and have a to your useful life. The following annual revenues and expenses are projected 540,000 Sales expe Out-of-pocket production costs Serting expenses Depreciation Net operating income $15.000 9.000 6.000 30.000 $10,000 The machine will have no salvage value Assume cash flows occur un fornly throughout a year except for the initial investment The payback period for the new machine is bout 0 3.75 years 15 years 54 Yes 50 years (Ignore income taxes in this problem) The following data on a proposed investment project have been provided: Cost of equipment Working capital required Salvage value of equipment Annual cash inflows from the project Required rate of return Life of the project $50,000 $30,000 $ 0 $20,000 20 8 years The working capital would be released for use elsewhere at the end of the project. The net present value of the project is closest to: Click here to view Exhibit 884 and Exhibit88 2. to determine the appropriate discount facto ting table O $0 $3,730 $88 370 $32,450