(Ignore income taxes in this problem) The management of Your Corporation is considering the purchase of a machine that would cost $440,000, would last for 7 years, and would have no salvage value. The machine would reduce labor and other costs by $102,000 per year. The company requires a minimum pretax return of 16% on all investment projects. What is the net present value of the project?

Group of answer choices

$52,057

($28,022)

($79,196)

$274,000

$96,949