(Ignore income taxes in this problem.) Sibble Corporation is considering the purchase of a machine that would cost $420,000 and would last for 6 years. At the end of 6 years, the machine would have a salvage value of $59,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $86,000. The company requires a minimum pretax return of 11% on all investment projects. The net present value of the proposed project is closest to: Multiple Choice $56,134 0 $2,866 $46,010 o $24,569