(Ignore income taxes in this problem.) Riveros, Inc. is considering the purchase of a machine that would cost $120,000 and would last for 5 years. At the end of 5 years, the machine would have a salvage value of $29,000. The machine would reduce labor and other costs by $25,000 per year. Additional working capital of $9,000 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. What is the net present value of the proposed project closest to?

a. 27,359 b. 40,035 c. 43,956 d. 52475