Joanette. Incorporated, is considering the purchase of a machine that would cost $480,000 and would last for 6 years, at the end of Which, the mochine wouid have a salvage value of $58,000. The machine would reduce lobor and other costs by $118,000 per year Additional working capital of $4,000 would be needed immediately, all of which would be recovered at the end of 6 years The company requires a minimum pretax return of 17% on all investment projects (Ignore income-taxes) Cilck here to viow Exhibit 148 14 and Exthbita4B-2, to determine the appropriate discount foctor(5) using the tables provided. Required: Determine the net present value of the project (Negotive amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount.)