Joanette, Incorporated, is considering the purchase of a machine that would cost $510,000 and would last for 5 years, at the end of which, the machine would have a salvage value of $61,000. The machine would reduce labor and other costs by $121,000 per yeac. Additional working capital of $7,000 would be needed immediately, all of which would be recovered at the end of 5 years. The company requires a minimum pretax return of 17% on all investment projects. (lgnore income taxes.) Click here to view Exhibit 128-1 and Exhibit:128-2, to determine the appropriate discount factoris) 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.) 1281 Present Value of 51;((1+r))111 ) 12B2