Joanette, Inc., is considering the purchase of a machine that would cost $630,000 and would last for 9 years, at the end of which, the machine would have a salvage value of $53,000. The machine would reduce labor and other costs by $113,000 per year. Additional working capital of $7,000 would be needed immediately, all of which would be recovered at the end of 9 years. The company requires a minimum pretax return of 12% on all investment projects (Ignore income taxes.) Click here to view Exhibit 138-1 and Exhibit 13B 2 to determine the appropriate discount factor(s) using the tables provided Required: Determine the net present value of the project. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount.) Net present value