(Ignore income taxes in this problem) Sibble Corporation is considering the purchase of a machine that would cost $280,000 and would last for 5 years. At the end of 5 years. the machine would have a salvage value of $45.000. By reducing labor and other operating costs, the machine would provide annual cost savings of $70.000. The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to: (Round your 'PV factors' to three decimal places.) (Use Exhibit 18-1 and Exhibit118-2) O -$39.690 O -$2135 -$27,650 O -$17350