(Ignore income taxes in this problem.) The management of Serpas Corporation is considering the purchase of a machine that would cost $230,000, would last for 10 years, and would have no salvage value. The machine would reduce labor and other costs by $36,000 per year. The company requires a minimum pretax return of 11% on all investment projects. Click here to view Exhibit 8B-2 to determine the appropriate discount factor(s) using tables. The net present value of the proposed project is closest to: Multiple Choice -$17,996 $130,000 -$33,343 $26,916