(Ignore income taxes in this problem) The management of Your Corporation is considering the purchase of a machine that would cost $480,000, would last for 7 years. Salvage value would be $45,000. The annual cash receipts would be $196,000 and the machine would reduce labor and other costs by $92,000 per year. The company requires a minimum pretax return of 12% on all investment projects. What it the net present value of the project? $16,256 $13,106 $14,996 (55,344