Interior Products, Inc. is evaluating the purchase of a new machine to use in its manufacturing process. The new machine would cost $36,000 and have a useful life of 6 years. At the end of the machine's life, it would have a residual value of $2,100. Annual cost savings from the new machine would be $12,700 per year for each of the 6 years of its life. Interior Products, Inc has a minimum required rate of return of 18% 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) (Click the icon to view the present (Click the icon to view the present 0 Data Table - X O A. $777 OB. $9,202 OC. $44,425 OD. $8,425 Present Value of Annuity of $1 Periods 14% 3.433 3.889 4.288 16% 3 274 3.685 4.039 18% 3.127 3.498 3.812 Data Table Print Done Present Value of $1 Periods 5 14% 0519 0.456 0.400 16% 0478 0410 0.354 18% 0437 0.370 0314 Print Done