(Ignore income taxes in this problem.) Sibble Corporation is considering the purchase of a machine that would cost $480,000 and would last for 6 years. At the end of 6 years, the machine would have a salvage value of $65,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $92,000. The company requires a minimum pretax return of 11% on all investment projects. The net present value of the proposed project is closest to: (Round your 'PV factors' to three decimal places.) (Use Exhibit11B-1 and Exhibit11B-2)

Multiple Choice -$55,973 -$90,748 -$49,220 -$25,748