K Company has purchased a new machine costing $27,000 and the machine is expected to reduce the operating expenses by $7,000 every year. The useful life of machine is 5 years and the machine is expected to have a zero scrap value at the end of its useful life. The company's required rate of return is 12%. Calculate the Net Present Value (NV) of the machine. (Round intermediate calculations to 3 decimal places and final answer to the nearest dollar.) a. $25,235 b.-$464 C.-$1,765 d. $1765