(Ignore income taxes in this problem) Sibble Corporation is considering the purchase of a machine that would cost $360,000 and would last for 6 years. At the end of 6 years, the machine would have a salvage value of $50,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $76,000. 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 Flv factors to three decimal places.) (Use Exhibits 1 and Exhibit1B-2) Multiple Choice $11,556 $11,694 $38,444 $40,660