(Ignore income taxes in this problem.) Tangen Corporation is considering the purchase of a machine that would cost $380,000 and would last for six years. At the end of six years, the machine would have a salvage value of $80,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $104,000. The company requires a minimum pretax return of 14 percent on all investment projects. The net present value of the proposed project is closest to a) $24,456. b) $104,456. c) $133,753. d) $60,936