Interior Products, Inc. is evaluating the purchase of a new machine to use in its manufacturing process. The new machine would cost $37,000 and have a useful ife of 5 years. At the end of the machine's life, it would have a residual value of $2600 Annual cost savings from the new machine would be $12.200 per year for each of the five years of its life. Interior Products, Inc. has a minimum required rate of return of 16% on all new projects. The net present value of the new machine would be closest to: (Round any intermediary calculations and your final answer to the nearest dollar) Present Value of $1 Periods 5 141 0,519 0.456 0.400 16% 0.476 0.410 0.354 18% 0.437 0.370 0.314 6 7 Present Value of Annuity of $1 Periods 5 74% 3.433 3.889 4 288 16% 3.274 3.685 4.039 18% 3.127 3.498 3.812 7 $1238 $2943 $39,943 $4181